(Solution Document) Opportunity cost is: the money a business loses in a bad investment. the value o


Opportunity cost is:

a. the money a business loses in a bad investment.
b. the value of the best foregone opportunity.
c.the price an individual pays for making a mistake.
d. opportunity knocks but once; if you miss your chance it will never come again.


Which of the following is an example of variable costs for a business?

a.hourly wages.
b. cost of  business licenses.
c. cost of purchasing a business vehicle.
d. rent.


Which of the following is an example of diminishing marginal utility?

a. You give up donuts on your diet.
b.You like one donut with your coffee, but not two.
c.You buy more donuts when the price of coffee rises.
d.You cut back on donuts after your pay cut.



The price of bonds and the interest rate are

Question 4 options:
a.not related.
b. positively related.
c. negatively related.
d. sometimes positively related and other times negatively related, depending on the bond payments.


As the interest rate falls, people hold ________ money instead of bonds because the opportunity cost of holding money has ________.

a.more; fallen.
b.more; risen.
c. less; fallen.
d less; risen.

 







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