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You spend $5000 on one year of culinary school tuition immediately after high school. The tuition is not refundable. After 3 months you want to go to college rather than continue culinary school. An economist would tell you that the cost of your cooking school tuition should be: A. left out of your decision whether or not to go to college, B considered a marginal benefit of changing your mind, C. considered one of the main cost of changing your mind, D. considered an implicit cost of changing your mind.
Which of the following is a true statement about? self-interest as used in the study of? economics?
Using the method of Lagrange multipliers to derive Sharifah's demand for brownies and espressos. Explain how many brownies and espressos will Sharifah consume.
To make your work easier to grade, please make Julie the row player, Kristin the column player also Larissa the page player.
What would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound.
profits associated with polluting for friedman inc. are pi 40q - 2q2 where q pollution emitted in tons and profits
A huge increase in resource costs causes the price to rise to $9 also Block's only manages to sell 460 bottles of perfume.
Which of the following situations is likely to involve adverse selection?
A hedger has taken a long position in the wheat futures market. What does a long position in the above example mean? What is the risk that is hedged in this transaction? What are the risks and rewards of buying versus writing options?
Shirley thinks that two 8-ounce cans of soda are exactly as good as one 16-ounce can of soda. Suppose that these are the only sizes of soda available to her and that she has $30 to spend on soda. Write down Shirley's demand functions for general pric..
Illustrate what does the difference in the relative black-white wage ratios across regions indicate that Southern employers discriminated more than Northern employers.
In the short run if the output growth is just 2% for two years and the equation determining the real interest rate changes to: r=4.5-%?Y, what money growth rate should the Fed aim for to hit its inflation target in that period?
Is the Affordable Health Care Act (Obama Care) good for America? Explain why or why not? What would you put in place or how would you improve the current system?
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