Which of the following costs is an explicit cost for you? you hire a worker who could have received the same wage working for your competitor. you decide to use an extra room for your business that you could have rented out to your neighbor. you spend your time running your own business even though a large corporation offered you a generous contract. you raise cattle on your family-owned farm even though you could sell your land to a developer.

The chart shows the pricing history for two items. which person saved the most money by buying a product at the right time? carrie, who waited six months to buy a game system timothy, who bought a game system right away because it was popular eugene, who bought a phone immediately for fear they would sell out marlene, who waited six months to buy a phone

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.