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Economics

Q. 1. Suppose that Ken spends 4 hours playing golf, paying green fees of $50, rather than working at his job that pays $10 hour. What is economic cost of his decision to play golf? a) $90 b) $60 c) $50 d) $40 e) nothing, since he enjoys golf much more than working anyway.

2. Which of graphs below shows Y increasing at a decreasing rate? Which of following issues is related to microeconomics rather than macroeconomics?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294517

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