1. The principle of increasing opportunity cost, also known as the low-hanging-fruit principle, says that the least costly options should be exploited first, with more costly options taken up only after the least costly ones have been exhausted. At low prices, only those with low opportunity costs of producing the product would find it worthwhile to offer it for sale. As prices

1. To say that someone needs a good is to suggest that he cannot choose to do without the good or buy a substitute for it. We are more likely to be mindful of the fact that almost all goods have substitutes if we speak of wants rather than needs 2. Even though we cannot actually

1. Price changes affect quantity demanded for two reasons: They attractiveness of substitute goods and they alter the real value of the consumers purchasing power. The second effect grows larger as the share of the consumers

1. The equilibrium price of a good is determined by the intersection of its supply and demand curves. We can know everything about a goods cost of production( that, is we can know its supply exactly) yet still not know where the demand curve will intersect the supply curve

Answers to Review Questions 1. Your friend probably means that your tennis game will improve faster if you take solo private lessons instead of group lessons. But private lessons are also more costly than group lessons. So those people who don' t care that much about ho rapidly they improve may do better to take group lessons and spend what they save on other things

《旅游服务礼仪》是介绍社交礼仪以及旅游服务专业礼仪知识的一门基础应用性学 科:是旅游管理、酒店管理等旅游类专业学生必修的一门专业基础课

一、验资概述 1、验资:指CPA依法接受委托,按照独立审计准则地要求,对被审单位注册资本的实收或变更情况进行审验,出具验资报告。 2、验资的性质与作用: (1)企业产权关系的界定: (2)社会经济秩序的好坏

15.1.1编制审计差异调整表和试算平衡表 (一)编制审计差异调整表

14.货币资金内部控制测试 一、货币资金审计涉及的凭证和会计记录

(一)筹资 1、债券 2、股票