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The cost of attending a private college for one year is $6,000 for tuition, $2,000 for room, $1,500 for meal, and $500 for books and supplies. The student could also have earned $15,000 by getting a job instead of attending college and 10 percent interest on expenses he or she incurs at the beginning of the year. Calculate the explicit, implicit, and the total economic costs of attending college.
Elucidate what prices he should charge in two markets. Illustrate quantities be should sell in the two markets.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Assume the current rent is also equal Illustrate one would commonly expect for the future.
Elucidate why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power.
Illustrate what is the effect of this policy on the interest rate in the long run.
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
What are the advantages and disadvantages of each method. What do you suppose led each company to make their choices.
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain. sales of luxury cars will decrease.
The nominal interest rate is 12% compounded semi-annually. What single amount on July 1, 2015 is equivalent to this cash flow system?
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