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Kelly went to watch her school's basketball game. She found that the height of basketball players is taller than the average height of her school's students. So she concludes that if you play basketball, you will be taller. What mistake she made in her conclusion?
A. Reverse causation
B. Demand causation equals to suppy causation
C. Marginal causation equals to structural causation
D. She made no mistake.
An individual derives utility from consumption goods, X, and leisure time, N, to maximize the daily utility level, u = XN. Outside income per day is $m and the price of consumption goods is $p. How many units of consumption goods will be produced?
Which of the following will not cause the MPL to increase?
What would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound.
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's.
if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.
How long will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children?
Calculate the net cash flows for the year 0 and the years 1 thru 6. What is the NPV of the project? What is the modified internal rate of return for this project?
A firm’s short run total cost STC=4+q+q^2. It is a price taker. What is its short run average cost function SAC? Marginal cost function SMC? Draw them in one graph. How many should it produce if P=6? What is the profit? How many should it produce if ..
What would the lading capacity of the banking system be after such a portfolio switch? How large would the money supply be if the banks fully utilized their lending capacity?
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...
The accompanying table shows a boat manufacturer’s total cost of producing boats. Quantity of Boats Total Cost 0 $ 450,000 1 $ 490,000 2 $ 510,000 3 $ 520,000 4 $ 540,000 5 $ 570,000 6 $ 610,000 7 $ 670,000 8 $ 750,000 9 $ 870,000 1. What is the bre..
Suppose that the demand curve for seats at the denver minor league baseball stadium is given as Qd = 6,000 – 200p. How many fans would attend a game if tickets were free and there was no limit on the number of fans permitted in the stadium?
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