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Suppose that we have an economy with four workers. Paris H. can teach 3 yoga lessons or make 20 lattes a shift. Kim K. can teach 2 yoga lessons or make 8 lattes a shift. Mike S. can teach 1 yoga lesson or make 40 lattes a shift. And Pauly D. can teach 4 yoga lessons or make 4 lattes a shift. Suppose customers are willing to pay $4 each for lattes and $15 for yoga lessons. Who should teach yoga? Who should pull lattes? How many lattes will the economy make and how many yoga lessons will it teach? Show the calculation of opportunity cost in your answer, and show how much revenue your solution brings. Assume that everyone will work a shift.
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 5 percent. Describe how this unexpectedly high inflation rate would help or hurt the following:
The political business cycle implies all of the following EXCEPT that:
Critically reflect on the importance of capital budgeting. Why is this such a heated subject in many boardrooms? How does capital budgeting promote the financial health of an organization? How will you use the financial techniques you have learned th..
How many numbers from trial one did the person(s) after at least 24 hours? What type of memory was the person committing this information into?
Draw the graph of the indifference curve maps for each scenarios. Put good X on x-axis and good Y on Y-axis. Draw 3 indifference curves and labeled U1, U2 and U3 from the highest to the lowest utility level. a. Good X is economic bad. For good Y, mor..
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 4 years. Truck A costs $29,000 and has a market value of $16,000 after 4 years. Truck B costs $33,000 and has a market value of $..
In general, correcting income distribution data for taxes and transfer payments results in:
Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation. What could you suggest alternative ways to ensure import supplies.
q1. banking system presently has 200b of bank explanation none of which are excess. citizens clutch only deposits also
What is your monthly interest rate and what is your annual effective interest rate? If you have an outstanding balance of $1,800 on that card what would be the balance if you skipped 4 months payments (ignore credit card fees and penalties)
Elucidate exactly Illustrate what the government actually did and why this merger is not occurring.
Why does nearly every purchase you make provide you with consumer surplus - compared to the short-run supply of rental housing, long-run supply.
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