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Wgu D089 Principles Of Economics Exam 2025/2026 Questions And Answers 100% Pass

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WGU D089 PRINCIPLES OF ECONOMICS EXAM 2025/2026 QUESTIONS AND ANSWERS 100% PASS

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WGU D089 PRINCIPLES OF ECONOMICS
EXAM 2025/2026 QUESTIONS AND
ANSWERS 100% PASS




Opportunity cost - ANS = The value of what you give up / The value of what you gain


Elasticity of Demand - ANS ed= % of change in Quantity / % of change in Price


Elasticity of Supply - ANS es= % of change in Quanity / % of change in Price


Elastic - ANS ed or es > 1


Unit Elastic - ANS ed or es = 1


Inelastic - ANS ed or es <1


Total Revenue - ANS = Price x Quantity


Accounting Profit - ANS = Total Revenue - Explicit Costs


Economic Revenue - ANS = Total Revenue - Explicit Costs - Implicit Costs




pg. 1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED

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