subject
Business, 14.02.2020 06:17 robert7248

The law of supply relates to opportunity cost because:
A) The opportunity cost to suppliers is the value of the next-best alternative they had when they supplied that good.
B) The opportunity cost of that forgone opportunity tends to increase as you supply more.
C) When a consumer chooses to purchase a product, then the consumer gives up opportunity cost.
D) That opportunity cost leads to higher prices when supply increases.
E) The income and substitution effects represent the opportunity cost of supplying a certain good.
F) If prices increase, the income and substitution effects increase, leading to an increase in quantity supplied.
G) The opportunity cost to suppliers is the value of the next-best alternative they had when they supplied that good.
H) The opportunity cost of that forgone opportunity tends to decrease as you supply more.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:10
At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:
Answers: 1
question
Business, 22.06.2019 17:00
Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:
Answers: 2
question
Business, 22.06.2019 20:30
The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.
Answers: 3
question
Business, 23.06.2019 00:00
Match each economic concept with the scenarios that illustrates it
Answers: 2
You know the right answer?
The law of supply relates to opportunity cost because:
A) The opportunity cost to suppliers i...
Questions
question
Mathematics, 09.10.2020 01:01
question
English, 09.10.2020 01:01
question
Mathematics, 09.10.2020 01:01
Questions on the website: 13722367