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1. If you receive a free ticket to a concert, what, if anything, is your opportunity cost of attending the concert? How does your opportunity cost change if miserable weather on the night of the concert requires you to leave much earlier for the concert hall and greatly extends the time it takes to get home afterward? 2. Describe how the Production Possibilities Curve (PPC) changes for a nation facing increasing opportunity costs for producing food and video games given the following events (Hint - for each of the products (food and video games) does the production of each product increase, decrease, or have no impact): a.) A new and better fertilizer is invented. b.) Immigration occurs, and immigrants’ labor can be employed in both the agricultural sector and the video game sector. c.) A new programming language is invented that is less costly to code and is more memory-efficient, enabling the use of smaller game cartridges. d.) A heat wave and drought result in a 10 percent decrease in usable farmland.
What is maximum amount it would be worth to shareholders to elicit high CEO effort all time rather low CEO effort all time.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital
Express Illustrate what will happen also why to the firm's average fixed costs, marginal costs, average costs also profits as the firm makes its choices.
Use a .01 level of significance to test if there is a difference in the mean production of the three assembly lines. Develop a 99% confidence interval for the difference in the means between Line B and Line C.
Assume that all other banks hold only the required amount of reserves.
Elucidate what would be according to your opinion the right mix of monetary and fiscal policies for years 2011-2012. Elucidate what would be according to your opinion the appropriate structure of your investment portfolio.
Elucidate why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power.
Michelle spends all her money on food and clothing. When the price of clothing decreases, she buys more clothing. Does the substitution effect cause her to buy more or less clothing.
Discuss Soutwest Delta airlines merger and describe the competitive environment within the industry. Is there a dominant firm.
Analyze these indicators and prepare a 3-4 page report elucidate the expected short-term impacts on firms in any one of the following five industries in terms of product sales.
suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.
What do you understand Spencer and Kate are the only two demanders of lemonade.
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