Question 6 Which of the following concepts is not one of the neoclassical (microeconomic) assumptions? Question 6 option

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Question 6
Which of the following conceptsis not one of the neoclassical(microeconomic) assumptions?
Question 6 options:
a)
comparing costs and benefits
b)
rational self-interest
c)
utility and profit maximization
d)
choices and scarcity
e)
the command economy
Question 7
The economist who's often associated with the neoclassicalschool of economic thought is:
Question 7 options:
a)
Alfred Marshall.
b)
Adam Smith.
c)
John Maynard Keynes.
d)
Milton Friedman.
e)
Eric Chiang.
Question 8
Maria spends $10,000 on one year's college tuition. Theopportunity cost of spending one year in college for Maria is:
Question 8 options:
a)
$10,000.
b)
whatever she would have purchased with the $10,000 instead.
c)
whatever she would have earned had she not been in college.
d)
whatever she would have purchased with the $10,000 together withwhatever she would have earned had she not been in college.
Question 9
If they spend all day writing letters, Sam can write 10 lettersand Dave can write 5. If they spend all day baking cakes, Samcan create 6 cakes and Dave can create 4. Given thisinformation and assuming that Sam and Dave have constantopportunity costs, we know that:
Question 9 options:
a)
Dave's opportunity cost of writing letters is lower thanSam's.
b)
Sam's opportunity cost of writing letters is lower thanDave's.
c)
Dave's opportunity costs of writing letters and baking cakes arelower than Sam's.
d)
Sam's opportunity costs of writing letters and baking cakes arelower than Dave's.
Question 10
A production possibilities frontier (PPF) that is astraight-line sloping down from left to right would suggestthat:
Question 10 options:
a)
the opportunity costs of the products are constant.
b)
there are no opportunity costs.
c)
the two goods must have the same price.
d)
more of both goods can be produced moving along thefrontier.