Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Apr 2018 My Price 5.00

free lunch

Opportunity cost is what you give up to get an item. Because there is no such thing as a free lunch, what would likely be given up to obtain each of the items listed below?

a. Susan can work full time or go to college. She chooses college.

b. Susan can work full time or go to college. She chooses work.

c. Farmer Jones has 100 acres of land. He can plant corn, which yields 100 bushels per-acre, or he can plant beans, which yield 40 bushels per acre. He chooses to plant corn.

d. Farmer Jones has 100 acres of land. He can plant corn, which yields 100 bushels per acre, or he can plant beans, which yield 40 bushels per acre. He chooses to plant beans.

e. In a and b above and c and d above, which is the opportunity cost of which-­ college for work or work for college? corn for beans or beans for corn?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Apr 2018 08:04 PM My Price 5.00

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