1. For each of the following, describe the opportunity cost when you decide to do each activity.
a. Go to the beach or study for an exam
If I choose to study for an exam, the opportunity cost is going to the beach and having
b. Get a job after high s
There is a growing need for businesses to go green in more comprehensive ways. Many
businesses have made changes like recycling paper and toner cartridges, cutting back on air
conditioning, heating, and lighting, and creating car and van pools for employe
HW#3 CH. 7-9
Questions #3 pg. 147 Problems #6 pg. 148 Questions #3 pg. 168 and Questions #3 pg. 188
3. Which of the following goods are usually intermediate goods and which are usually final
goods: running shoes, cotton fibers, wat
Chapters 4-6 Question: #6 pg. 90; Question #4 pg. 113; and Questions #3 & 5 pg. 127-128.
6. How would the following changes in price affect total revenue? That is, would total revenue
increase, decrease, or remain unchanged?
HW #1: Chapters 1-3: Questions: #3 pg. 44; Questions: #3 & #11 Pg. 66
Appendix Questions: #3 pg. 73
3. Because a market depends on people working for their own self-interest. If what you gain by