1. Ecomaries in :A. the study of markels for toK2 and bonds.B. the study of choie undea tondibón of starityC. exclusively the study of business, birrnsD. fundamentally the same as sociology2. The opportunity cost of any adhm is:A. All possible altumalies fongone.B. the best altemative forgonec, the time reguired but net the monetany cost3. Nlet benefde are maximjed whenA. Manginal, Bendhit aquals manginal costsB. Manginal Binefit is greder than mavginal castsC. Marginal Benefct is egual to 3ero .D. Tatal benafit is greatir thom toal costs1. Ouipat combindins beloo the produtim possibility frmtenl PPF)A. Could mdieale that some rlsonees are Unemployed,B, v unattamable.C. » better than Combinalions on the PPFD. mplis that toro mech capitat and not entugh labon gre being kaid5. which of the Bollowing may slibt e PPF t the night ?A. A major bloodB. New tednolagical break through that insreases produelirty resoures.C, Fall in quanlitis of esrwleD. None o3 the absve,PTO

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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1. Ecomamies in : A. the study of markets for toKe and bonds. 8, the atudy of choice under tonditión of scarity C. excusively the study of business, birins D. fundamentally the same az sociology