Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the skirt: Store
Travel Time Each Way Price of a Skirt Local Department Store 15 102 Across Town 30 85 Neighboring City 60 76
Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $42 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
Local Department Store
102
Across Town
85
Neighboring City
76
Assume that Juanita takes opportunity costs and the price of the skirt into consideration when she shops. Juanita will minimize the cost of the skirt if she buys it from the
Illustrate the difference among dollarization, a currency board, and a fixed exchange rate regime. Do you know of any countries that have recently adopted dollarization.
What is the maximum amount this bank can expand on its loans? How can the Federal government fund (finance) the budget deficit? Examine how fiscal and monetary policies affect the U.S. economy.
Which nation has a comparative advantage in clothing and by what amount.
Why might a firm charged with violating the Clayton Act, Section 7, try arguing that the products sold by the merged firms are in seperate markets. Why might a firm charged with violating Section 2 of the Sherman Act try convincing the court that ..
Using the terms normal good and inferior good, explain why Bill, an aspiring carnivore, might expect to consume less Ramen and more steaks after graduating from college.
A program of tax hike, distributed uniformly across the households earning over $300K annually filing tax returns, amounting to $85 billion in total tax hikes - Draw an AS/AD diagram illustrating your answer to part (B) That is, draw an AS/AD diag..
What is Brenda's break-even price for a dozen of eggs? Explain how you found that answer. If the market price of a dozen eggs at the local farmers' market is $1.45 per dozen, should Brenda continue producing eggs in the short run?
Suppose inflation rate in Philippines is 100% over one year, but the inflation rate in Japan is only 3%. According to relative PPP, what should happen during the year to the Japanese yen exchange rate against the Philippine peso?
Explain what you would consider to be a working definition of integrity for an intelligence gathering government agency. What sort of attributes would be absolutes?
1. what percentage of the gross national product is spent on healthcare in the u.s.? 2. identify the key drivers of
Which statement most accurately captures the state of money today?
Fed reserve requirements are imposed on any loan from a U.S. bank's foreign branch to a U.S. resident, or on any asset purchase by the branch bank from its U.S. parent. What do you think is the rationale for these regulations?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd