Opportunity or alternative costs when marrying lover
Can two ever live as inexpensively as one? What is the opportunity or alternative costs when marrying someone you love?
Expert
Within an economic sense, there two can never live as cheaply as one due to the opportunity costs involved. This costs (i.e., the value of the best alternative surrendered while a choice is made being particular) of marrying someone you love take in not being capable to do what you desire to do while you desire to do this, this is, giving up your freedom, that encompasses several things both emotional and physical. It is true for both partners, obviously.
As per the view of humans as Homo economics, individuals: (w) can simply achieve states of whole satisfaction. (x) must learn to get by along with what they have. (y) want to maximize personal satisfaction by self-interested behavior. (z) have fewer requirements as th
This vigorously competitive clothing market is at firstly in equilibrium at S0 and D0. When the moves in the demand for clothing to D1 occurred before the transfer in supply to S1, in that case: (1) the primary signal to fir
While considering current events and matters, economists and the common public seem to disagree relatively the most about: (i) what to do regarding the War in Iraq. (ii) whether Democrats or Republicans must win the next election. (iii) the relative costs and advantag
A standard step while making a new economic theory is to: (w) properly blend normative and positive perspectives. (x) physically test this in an economics laboratory. (y) see when this predicts behavior in a consistent way. (z) make sure that this con
The erroneous analysis that economists seldom agree is LEAST attributable to the fact such that economists are: (w) acquire little media coverage while they agree, when disputes about how economic theory must be translated in policy a
The closest to being a free good of the one given would be: (i) a scholarship for a brilliant but impoverished student. (ii) Free “meals on wheels” programs for the aged and infirm, (iii) a winning lottery ticket you determined on the side
Can someone help me in determining the right answer from the given options. Expanding the current investment associative to current consumption most directly raises an economy’s rate of: (1) Stagnation. (2) Capital absorption. (3) Economic growt
If six units of capital can be substituted for one unit of labor without changing total steel output, whereas 4 units of capital can be substituted for one unit of labor without changing the output of wheat, at that moment: (w) there is an optimal allocation of resour
Economic equity considered as to: (1) financial settlements of court cases. (2) the balance of national trade. (3) questions of the fairness of several economic arrangement. (4) passing hidden costs upon to consumers. (5) the gross value of any stocks
Adam Smith’s well-known reference to an “invisible hand” implies that: (w) unregulated market competition improves economic welfare. (x) government must closely regulate monopolies. (y) pure competition is a divinely motivated market
18,76,764
1955413 Asked
3,689
Active Tutors
1422981
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!