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The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate (in $$$) your opportunity costs of going to college.
Government purchases rise to 1440. How does this increase change the equation describing desired national saving? Show the change graphically. Illustrate what happens to the market-clearing real interest rate.
Why was the Teamsters Union so opposed to allowing Mexican truckers to deliver their goods in the United States.
As oil prices rose during 2006, the demand for alternative fuels increased. Ethanol, one alternative fuel, is made from corn.
Principle theory of management
What output will firm choose. What will be monopolistic competitor's average fixed cost at output it chooses.
Assume which all other banks hold only the required amount of reserves. If Nan Bank Inc. decides to reduce its reserves to only the required amount, by how much would the economy's funds provide increase.
What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?
What will happen to GDP and employment? What do you think will be the impact on banks and other financial institutions? Do you agree with the bill?
XYZ rapid prototyping (RP) software costs $20,000, lasts one year and will be expensed (i.e., written off in one year) . The cost of the upgrades will increase 10 % per year starting at the beginning of year two. How much can be spent now for an RP s..
Tribes that receive sovereign government status, are listed with other similar tribes, and have a Federal trust relationship with the Federal Government are referred to as:
Expansionary monetary policy by the foreign country will lead to a ______________ of the home currency, while expansionary monetary policy in the home country will lead to a ____________ of the home currency.
A movie theatre has a cost function which entails the rent of the commercial building of $50 per day (fixed cost) and a marginal cost of $5 per viewer. Assume now that the movie theatre can give price discounts to students. Explain the concept of pri..
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