Answer:
50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.
This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.
This wage would be very close to the median wage in the United States.
Answer: $80
Explanation:
The opportunity cost is regarded as the real cost of the alternative that was left or forgone.
Based on the information given in the question, the opportunity cost is the free ticket to a Post Malone concert that is worth $80 which was given to me by my friend.
Therefore, the correct option is E.
Answer:
D. differentiated products
Explanation:
Monopolistic competition refers to a kind of imperfect competition where there are may producers that sells differentiated goods that are therefore not perfect substitutes.
Perfect competition is where there are many producers that sell homogeneous or identical goods that are perfect substitutes.
Therefore, monopolistic competition is different from perfect competition because of differentiated products.
Answer:
c will be the answer if not try A
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