What alternatives did you consider

Assignment Help Macroeconomics
Reference no: EM13331473

Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back to school. What alternatives did you consider?

Reference no: EM13331473

Questions Cloud

Calculate the monopolist profit : Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit a. find the monopolist's profit-maximizing output and prices. b) calcu..
Leadership vs. management : Leadership vs. management
Explain the precipitate is then filtered from the solution : When 50.0 mL of a 0.3000 M AgNO3 solution is added to 50 mL of a solution of MgCl2, and AgCl precipitate forms immediately. The precipitate is then filtered from the solution, dried, and weighed.
Opportunity cost for attending college for 1 year : After graduating from HS, Ron plans to go to college. The college tuition is 15,000 a yr. But instead of going to college Ron can take a full time job that pays 20,000. If Ron decides to go to college, what is his opportunity cost for attending colle..
What alternatives did you consider : Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
What are the most significant challenges facing you as manag : You have just been hired to manage a retail store located in a small shopping center on the outskirts of a large city.  The store sells low end household, hardware and convenient items (similar to a Family Dollar).  Previously, the store was privatel..
Nominal interest rate that their savings will earn explain : When deciding how much of their income to save for retirement, should workers consider the real or the nominal interest rate that their savings will earn? Explain.
Explain carbon-carbon sigma bond in the molecule allene : Each carbon-carbon sigma bond in the molecule allene (C3H4) is formed by the overlap of a ___ orbital on each end carbon with a ___ orbital on the central carbon.
Enventually result in an increase in consumption or spending : MPS= 40 with no government and no foreign trade a 10 billion dollar increase in investment will enventually result in an increase in consumption or spending and how much?

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is ms. auras yearly profit

Advances in telecommunications and information technology revolutionize the way Ms. Aura does business. She begins to use the Internet to nd all relevant information about clients and meets many clients through teleconferencing. The new technol..

  Marginal rate of substitution either implies nor is implied

Prove that a diminishing marginal rate of substitution either implies nor is implied by diminishing marginal utility.

  What is the expected value of perfect information

The company is also considering consulting an expert from a research institution to study the project for a fee of $30,000. The expert will develop a prototype solvent to determine if it would work at all temperatures. Based on previous experien..

  Describe free trade harm the environment

Describe free trade harm the environment. Environmentalists argue that trade liberalization harms the environment.

  Discuss within your learning team how and why the u.s.

Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:

  Write a brief description of the fiscal policy of the us

Elucidate and discuss if and how this has changed over the past 5 years. Write a brief description of the fiscal policy of the United States.

  Estimate of potential gdp to differ in $12 trillion economy

Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy

  Explain why risk-neutral people can make a profit off both

Explain why risk-neutral people can make a profit off both risk-averse and risk-seeking people. You must use original numerical examples and EV equations to demonstrate demonstrate your answer.

  Graphing the short run philips curve

Suppose that natural real GDP is constant.  For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.

  Determine the salary for continue the interviewing process

BK Books is an online book retailer that also has 10,000 "bricks and mortar" outlets worldwide. You are a risk-neutral manager within the Corporate Finance Division and are in dire need of a new financial analyst. You only interview students from ..

  Determine the consumer and producer surplus

Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U shaped long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Marginal costs are given by MC(q)=q+2 and market demand is given by Q..

  Leading competitors in the auto test equipment company

Tests are supervised by skilled mechanics utilizing equipment produced by two leading competitors in the auto test equipment company

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd