Economics (13th Edition)
Verified Answer ✓
True. Resources that are non-renewable are finite ... more
Verified Answer ✓
When resources are scarce, there is a need for a ... more
Verified Answer ✓
The opportunity appears in scarcity, as resources ... more
Verified Answer ✓
If a cricket player comes late for morning ... more
Verified Answer ✓
To obtain optimal efficiency, marginal cost is ... more
Verified Answer ✓
When the student feels tired during the exam hour ... more
Verified Answer ✓
Some of the theories are given below:Planet P ... more
Verified Answer ✓
There is no surety that both individuals will ... more
Verified Answer ✓
The main reason behind building the theory is to ... more
Verified Answer ✓
The theory highlights only the important points ... more
Verified Answer ✓
The examination of a theory helps explain ... more
Verified Answer ✓
The instructor assumes that all things remaining ... more
Verified Answer ✓
Country U has abundant resources but it does not ... more
Verified Answer ✓
Verified Answer ✓
Alcohol is good for some individuals who drink it... more
Verified Answer ✓
Workers as a resource use mental and physical ... more
Verified Answer ✓
Yes, as the resources that are used for the ... more
Verified Answer ✓
Verified Answer ✓
As the person could have earned interest on the ... more
Verified Answer ✓
The opportunity cost will be doing a job rather ... more
Verified Answer ✓
The opportunity cost and change in behaviour are ... more
Verified Answer ✓
Individual J could be considered to be an ... more
Verified Answer ✓
Buying lunch is not an example of free lunch as ... more
Verified Answer ✓
The economist consider and evaluates both the ... more
Verified Answer ✓
The statement suggests that an individual seeks ... more
Verified Answer ✓
For an economist, the most efficient level will be... more
Verified Answer ✓
The efficient amount of study by Individual I is ... more
Verified Answer ✓
The economist indicates that the first person who ... more
Verified Answer ✓
If the relationship between X and Y is accurate, ... more
Verified Answer ✓
People trades to increase the utility and to make ... more
Verified Answer ✓
The statement is incorrect because when two ... more
Verified Answer ✓
The positive economics is based on fact, whereas ... more
Verified Answer ✓
No. A rationing device is a way of deciding who ... more
Verified Answer ✓
Individual J can sleep a little longer for today, ... more
Verified Answer ✓
Disagree, because as per the decision of margin, ... more
Verified Answer ✓
Disagree. When the person smokes, the ... more
Verified Answer ✓
Yes, Individual J would do so to assess the ... more
Verified Answer ✓
The assertion means that in the formulation of the... more
Verified Answer ✓
Point B is the efficient level of reading as, on ... more
Verified Answer ✓
The new efficient cost of reading is MC2, which is... more
Verified Answer ✓
; The figure shows the marginal cost and marginal... more