false. Oppurtunity cost is the cost of the next best choice you might make. For example you have five dollars. You can go to the theater and see a movie (in the past) for the full five dollars or you can go out to eat. If you choose to go to the theater but would have gone out to eat if you decided not to then the oppurtunity cost of going to the theater was not going out to eat.
This can not be objective because there is no way to say for sure what the next best choice is going to be for anyone. Perhaps you would have bought pink fluffy slippers if you could not go to the theater. Perhaps someone else will miss studying for a test. If can not be guessed. Only the person themself can be able to decide what their oppurtunity cost is.
A cost that will not be affected by later decisions is termed a sunk cost.
it is false trust me i got it correct on my e2020 quiz
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
Generally speaking, the main objective of a firm is profit maximisation. This is not always the case, however, as some firms have different goals, including providing charitable services, satisficing, and providing a high quality good or service.Revenue (income) increases profit, while expenses decrease profit. Therefore, if a firm's revenue increases more than their expenses increase, they will generate a greater profit.
false
False
False.
It is not possible to explain a false proposition.
False.
false
false
No regular polygon has 160. The "smallest" polygon is the triangle, which has 180o. ^^FALSE!!!!!!! this polygon has 18 sides!
False: Jesus did not do this.
false.
False. It is a measure of how much enegry a substance has.
This is absolutely true.
False