Reference no: EM131167543
In the first one, what's the opportunity cost of the units not produced?
Trade off : Trade off simply means that you are compromising between the two things. No better can be done without worse. If we want to make one side of a particular thing good, it must come at cost of other. e.g. Think of you only 1 hour to study two subjects and you have enough syllabus to do. You do nothing of syllabus of both, you dont have any prior knowledge of the subject also. So, if you read more about one subject in one hour, it must come at the cost that you read lesser of the other subject during the same hour.
Opportunity Cost: The cost of next best alternative of a situation is known as the opportunity cost. Thus, you had next best option available and you do not chose it, the cost of not choosing this option is called the opportunity cost. Suppose, i have one hour to do extra things other than study. Suppose i have two options To play cricket and other is to bet some money in that one hour and earn say $300. Suppose as per my utility i prefer to choose playing cricket, then opportunity cost for playing cricket shall be the cost of next best alternative not chosen up i.e. the money you choose not to earn i.e. $300.
Equity: Equity means that every economic agent in the economy gets the same economic benefits. This is something more related to the real world. What institutes like World bank, IMF are doing is to bring equality so that over the globe people are treated equally. In order to achieve that, they are running a lot of development programs.
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Preferred issues that are more like bonds withfinite lives
: A bond that pays interest forever and has no maturity is a perpetual bond. In what respect is aperpetual bond similar to a no-growth common stock? Are there preferred stocks that areevaluated similarly to perpetual bonds and other preferred issues th..
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Find confidence interval for the proportion of customer
: Find a 95% confidence interval for the proportion of all customers who would benefit by purchasing the extended service plan.
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Purchase of a quadruplex apartment building
: You are considering the purchase of a quadruplex apartment building. Effective gross income during the first year of operations is expected to be $33,600 ($700 per month per unit). First-year operating expenses are expected to be $13,440 (at 40 pe..
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What value of q will be determined in equilibrium
: What value of q will be determined in equilibrium-say, in the model in which the leader's cost advantage in R&D is sufficiently great to neglect the potential research of outsiders?
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Best alternative of situation is known as opportunity cost
: Trade off simply means that you are compromising between the two things. No better can be done without worse. If we want to make one side of a particular thing good, it must come at cost of other. The cost of next best alternative of a situation is k..
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Describe the process of fertilization
: Describe the process of fertilization. Compare and contrast oogenesis and spermatogenesis. Describe how estrogen and testosterone affect the body
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Identify innovator you feel had the most significant impact
: Identify the innovator (John Quincy Adams, Monroe, Madison, and Thomas Jefferson) from 1815-1860 you feel had the most significant impact on American culture and expansion, including which innovation(s) and why.
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Find confidence interval for niyakis mean net warranty cost
: Find a 95% confidence interval for Niyaki's mean net warranty cost per unit sold (net of the $50 paid for the plan for those who purchase it).
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Explain which reform movement you feel was most successful
: Defend which reform movement you feel was most successful in this antebellum America; identify significant writings, leaders, methods, and obstacles faced when working towards this goal.
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