1.Discuss the ways in which the following conditions might affect the opportunity cost of going to a
a. You have a final exam tomorrow; the expense of going to a movie vs. loss of study time for your
final exam increases the opportunity cost.
5. What are the disadvantages of the sole proprietorship form of business?
a. The owner is in total control of their business so in return, they are responsible for all liability and are
at risk of losing their business, home or other personal assets.
In Chapter 1, you learned about scarce resources and unlimited wants. In this discussion, please explain
your practical experience concerning a decision you have had to make because of limited resources. In
addition, please review at least one post of you
Week 3 Dropbox
1.The law of demand refers to the quantity of goods that consumers are willing and able to buy
per period dependent on the price.
a. Within my work place I have observed that more of our customers are willing to pa
Chapter 5: Answer Review Questions 1, 2, 3
Chapter 5: Answer Problems and Exercises 9, 10, 12
Appendix Question 1
Due Date for Assignments:
02/15/2016 at 11:59PM (MST Montana Standard Time)
1. For each of the following absolute values of price elasticity