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Opportunity Cost of Renting You currently pay $10,000 per year in rent to a landlord for a $100,000 house, which you are considering purchasing. You can qualify for a loan of $80,000 at 9% if you put $20,000 down on the house. To raise money for the down payment, you would have to liquidate stock earning a 15% return. Neglect other concerns, like closing costs, capital gains, and tax consequences of owning, and determine whether it is better to rent or own. This is an example of the hidden-cost fallacy.
Elucidate what will happen to equilibrium cost and quantity of satellite TV service if wages of workers who provide satellite TV service increase while at same time cost of cable television service.
If the current price of its product is $80 also there is no change in quantity if price is increased, illustrate what must the new price be to achieve the goal.
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
Explain how would you show this with a simple supply and demand diagram. If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits.
How many people should the owner hire if he pays each worker $6/hour? c. Suppose he considers hiring students on a part-time basis for $4/hour.
Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market
The country of Meditor uses the merit as its currency. What were its consumption and government expenditures on goods and services.
Demonstrate how growth accounting could be utilized to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real income rate also the real interest rate.
Suppose a society decided to reduce consumption and increase investment. How exactly would this change affect long term economic growth?
Which of the following is NOT a shortcoming of the civilian unemployment rate reported by Statistics Canada every month.
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
Discuss major fundamental shortcoming of theories of cost determination in england prior to roughly 1870, why failure.
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