Answer please ...

• IfRossdecidestoridehisbikethisafternoon,hewillmisshisfavoritetelevisionshow,andhewon'thavetimetostudyfor his

economics test. IfRossdoesn'tridehisbike,he'llchoosetowatchthetelevisionshowinstead. (He cannot both watch television

and study for the test.) Ross'sopportunitycostof not ridingthebikeis

a. the value to Ross of watching the television show.

b. the value to Ross of studying for the test.

c. the value of watching the television show plus the value of studying for the test.

d. the value of watching the television show minus the value of studying for the test.

e. the value to Ross of riding his bike minus the value of watching the television show.

• Good A has many substitutes and Good B has none what is true

A.Demand for Good B is likely to be elastic and Good A is inelastic

B. Demand for Good B is likely to be inelastic and Good A is elastic

C.Good A and B are elastic

D.Good A and B are inelastic

• Demand for cocaine is unit Elastic, price of cocaine were to rise 10%,

a. Quantity consumed would fall 10%

b. Dealer income from the sale of cocaine would fall 10%

c. Quantity demand will fall 10%

d. ANSWER is both FALSE