User Account

All Pages

You woke up in the morning and found a one once

Assignment Help Microeconomics
Reference no: EM13308927

You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is it still a free good?

Reference no: EM13308927

Questions Cloud

Do the benefits of vaccinationoutweigh the risks : Using the research topic: Do the benefits of vaccinationoutweigh the risks? 1. Find 10 sources of information and write about the complete citation for each.Try to complete a set of other sources that is as diverse as possible.
Does the united states benefit from the world trade organiza : Does the United States benefit from the World Trade Organization?
The forecasting department : The forecasting department, traditionally reporting to the sale manager, has historically seen aforecast accuracy of about 60%, and this in turn causes problems for the following departments:
Crystal structure and at higher temperature : At low temperature, iron has a BCC crystal structure and at higher temperature a FCC crystal structure. Its atomic radius is 0.124 nm and atomic weight is 55.85 g/mol. Compute and compare the theoretical density of Fe crystal structures with the expe..
You woke up in the morning and found a one once : You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is..
What is the flow rate at standard conditions : An orifice was calibrated at 21°C and 760 mm Hg. It is to be used to calibrate a sampler at conditions of 25°C and 700 mm Hg. The flow at field conditions is 0.85 m3/min (30 CFM). (a) What is the flow rate at calibration conditions? (b) What is the f..
Wishes to know to what extent she is bound by her promises : Walter paid Zara £300 and took one of the kittens. Two weeks later he complained to Zara that the kitten was in the habit of chewing the furniture. Zara said 'Never mind, he will grow out of it.' When Walter took the kitten to the vet to see if the h..
What is the function of an armature : What is the function of an armature?
What does photography have in common with printmaking : What does photography have in common with printmaking?

Reviews

Write a Review

Microeconomics Questions & Answers

  Discuss firms activities outside the u.s

Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.

  Determine the maximum level of net benefits

Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?

  What is alices inverse residual demand function

Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000-200P where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard..

  Explain the characteristic of oligopolistic industries

A market has the following characteristics: there are many firms, few barriers to entry, each firm acts independently with differentiated products, and no possible long-run economic profit. The difference between a perfectly competitive firm and a ..

  Define the concentration ratio

what is the concentration ratio for the industry x and y. (number of firm) ----(industry x) ------ (industry y) (1) -----------------------8,750-------- --------1,750 (2) -----------------------7,500---------------- 1,725

  Define merchant banking

Merchant banking refers to:Banking services that are only available to retail merchants.Banking services that are only available to business but not the general public.

  What is the output level that each of the firms agrees to

A,B, and C decide to act illegally as a cartel, to divide the market equally among the three of them, and to set the price and output that will maximize their total profits. What price and output do they set? What is the output level that each of ..

  How much is the consumer surplus and the producer surplus

What is the market equilibrium price and quantity? 2. How much is the consumer surplus and the producer surplus?

  Find the total surplus

The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $49 and the price at point e is $24 per bag. The price at point f is $48 and the price at point g is $13 per bag.

  Why the pharmaceutical industry often has the luxury

The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..

  What is the effect and how does this relate to foreign trade

Higher interest rates have an impact on the value of the dollar. What is the effect and how does this relate to foreign trade?

  Firms produce in the short run

What level of output will these firms produce in the short run and are these firms operating under perfect or imperfect competition?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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