--%>

Illustration of Opportunity Cost

How can I solve my economics problems? Please suggest me the accurate answer.

Harry Homeowner pays three hundred dollar monthly upon a mortgage within a neighbourhood where matching houses rent for eight hundred dollar per month. The economic cost to Harry for every month he lives within his house is: (1) $300, (2) $500, (c) $800 and (d) $1100.

   Related Questions in Public Economics

  • Q : Which aspect cannot given by Prices in

    Prices can’t give which one following aspect: (i) Incentives for efficient resource utilize. (ii) Guides for changing levels of production. (iii) Information regarding relative costs. (iv) Ideal references to cover all opportunity costs.

  • Q : Explain the invisible hand as automatic

    Adam Smith’s phrase “the invisible hand” considers to the automatic: (w) withholding of taxes before worker receive paychecks. (x) charitable instincts most people display when confronted by poverty. (y) coordination

  • Q : How to recognize economics as a field

    recognize economics as a field of economics

  • Q : Invisible hand of Adam Smith “

    “Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

    Q : Determine the Supply and Demand in

    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

  • Q : Desires of people when less of a good

    While less of a good is freely obtainable than people desire, the good is: (1) in short supply. (2) a free good. (3) a luxury good. (4) scarce. (5) a requirement. Hello guys I want your advice. Please recommend som

  • Q : Idealized version of pure capitalism

    Beneath an idealized version of the pure capitalism, governments would be least probable to offer: (1) Judicial systems to defend private property rights. (2) National defense. (3) Standardized forms of money. (4) Court systems to implement contracts.

  • Q : Issues of normative economic policy

    Economic policy matters are usually: (w) simply resolved by positive analysis alone. (x) normative, but workable solutions based on positive analysis. (y) either strictly macroeconomic, or strictly microeconomic. (z) better resolved using common sense

  • Q : Concept of income more to the poor than

    The concept about, on average, further income implies more to the poor than to the rich conforms most to the teachings or philosophy of: (1) Thorstein Veblen. (2) Friedrich Nietzsche. (3) Gautama Buddha. (4) Jeremy Bentham. (5) Nostradamus. (6) Adam S

  • Q : Illustration of Opportunity Cost How

    How can I solve my economics problems? Please suggest me the accurate answer. Harry Homeowner pays three hundred dollar monthly upon a mortgage within a neighbourhood where matching houses rent for eight hundred dollar per month. T