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Suppose you plan to go to school this summer. The cost of tuition and textbooks is $1,400 and housing, board, and entertainment will cost you $500. If you didn't go to school, you'd live in your parents' house for free, but your other living expenses would be about the same. Also, if you didn't go to school you'd work full time and could earn $8,000. You can still work part time while attending the summer school, but you will earn only $3,000.
How much money will you spend to go to school over the summer?
What is the opportunity cost of going to school over the summer?
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
The Economic impact of the Baby Boomers on the US economy? prepare a paper and present it in the class by a powerpoint. Please use scholarly references and statistical data to support your argument
Explain Alfred Marshall's theory of a long run (long period) competitive equilibrium (the theory still used to this day to explain the long-run outcome of perfectly competitive markets).
Because of its effect on the amount of capital per worker, in the short term an increase in the working population is likely to
Read "7 Easy Ways to Use Game Theory to Make Your Life Better," by Duronio. Reflect on your personal life experiences. Discuss a time you have used game theory in your life to earn money or save money. Did you realize you were implementing game theor..
A monopoly sells its good in the United States, where the elasticity of demand is -2, and in Japan, where the elasticity of demand is -5. Its marginal cost is $10. At what price does the monopoly sell its good in each country if resale is impossible?
Illustrate what price should the firm charge to realize the targeted profit. Illustrate what would be its (cost-based) markup ratio.
Explain how does the empirical rule help to explain the ways in which values in a set of numerical data cluster and distribute.
There is a duopoly of beer producers, Biller and Moors, who produce identical hoppy ales, and each have marginal costs of $100 per keg. Assume there are no fixed costs. What are the best response curves in Cournot Oligopoly for these two producers? W..
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
For lunch, Ada prefers to eat soup and bread in fixed proportions. When she eats X pints of soup, she prefers to eat 2X ounces of bread. If she has X pints of soup and more than 2X ounces of bread, she eats all the soup along with 2X ounces of bread ..
What economic concept illustrates the fact that at an all-you-can-eat restaurant, one rarely literally eats all the food he/she is physically capable of consuming? Explain.
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