--%>
Assignment Help - homework help

Calculating opportunity cost

The economics professor is paid $90,000 yearly, however knows she could earn $140,000 when she began a consulting firm. The opportunity cost of her university place is: (a) zero. (b) – $90,000. (c) $140,000. (d) $90,000.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Important of economies of scale to

    Karl Marx's prediction which competition ultimately leads to monopoly is most likely to be valid while: (w) diseconomies of scale discourage competition. (x) there are always constant returns to scale. (y) economies of scale are important relative to

    		•
  • Q : Goal of a cartel The objective of a

    The objective of a cartel is to: (w) permit every member firm to maximize profit. (x) foster competition among sellers. (y) enhance efficiency and lower prices to consumers by eliminating several wasteful forms of competition. (z) maximize the joint p

    		•
  • Q : Perfectly Competitive market condition

    In which market condition, the effect of an individual seller is (0) zero? Answer: In Perfectly Competitive market condition.

    		•
  • Q : Normal accounting returns to investment

    Pure economic profits do not arise due to: (w) monopoly power. (x) capital owners’ receipts of normal accounting returns to investment. (y) risk and uncertainty. (z) entrepreneurial innovation. How can I solv

    		•
  • Q : Annual total costs When Nostalgia

    When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its annual total costs will be around: (i) $45 million. (ii) $65 million. (iii) $85 million. (iv) $105 million. (v) $125 million. <

    		•
  • Q : Public utilities in natural monopoly

    Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.

    		•
  • Q : Unitary price elasticity of demand curve

    HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. So the demand curve facing HoloIMAGine has unitary price elasticity at: (i) output q1. (ii) output q3. (iii) output q4

    		•
  • Q : Amount of output supplied and price

    The amount of output supplied is exactly proportional to the price therefore the price elasticity of supply equivalents one into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Find linear demand curve by quantity

    Along this illustrated linear demand curve, there is: (1) inelastic portion is range a. (2) elastic portion is range b. (3) midpoint is unitarily price elastic. (4) elasticity is constant in each and every ranges. (5) midpoint elasticity becomes infin

    		•
  • Q : Signals for sellers Can someone help me

    Can someone help me in finding out the right answer from the given options. The signals for sellers to lower the market price comprise: (i) Fast depletion of goods from the retail store shelves. (ii) Producers encompass more orders than they can hold.

    		•