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1) John wants to travel from Pittsburgh to Philadelphia. It takes him 5 hours to drive by car or 1 hour to fly by plane. If the total car rental (fuel and other costs are included) cost is $120 and flight ticket from Pittsburgh to Philadelphia is $200, which option would be cheaper for him under following situations?
a) There is no opportunity cost for travel time for him
b) His opportunity cost for travel time is $10/hr
c) His opportunity cost for travel time is $20/hr
d) His opportunity cost for travel time is $25/hr
What do you believe is the single most influential force in today's society that sets the tone for an individual's personal values and why? Does this force affect Christians positively or negatively? What is your advice regarding this influential for..
q. brit oxygen whose global sales are generally dollar denominated needs to borrow 50000000 for working capital also
One stay-at-home mom laments, “Lots of career women think the only reason I’m staying home is that I’m not capable of doing anything else.” Evaluate this criticism. In other words, is it true that the only reason women don’t enter the labor force is ..
When considering the decision whether to buy a new press machine for your publishing house, which of the following costs will you NOT consider?
indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.
You find that your paycheck for the year is higher this year than last. What does that mean that your real income has increased. Explain carefully.
q.suppose that a professor p has recruited a teaching assistant mr. a. professor p needs to increase her payoff
Draw the budget line on the Edgeworth box through the endowment point. What is the equilibrium allocation?
Liberty Airways is considering an investment of $800,000 in ticket purchasing kiosks at selected airports. The kiosks have an expedited life of four years. Extra ticket sales are expected to be $60,000 per year at a discount price of $40 per ticket. ..
Suppose that there is an increase in the demand for personal computer systems. Explain the likely effects on marginal revenue product, marginal factor cost, and the number of workers hired by the firm.
there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased.
What is the 99% confidence interval for the difference between the two school's scores. (For consistency, let the difference d=A-B.) b. Suppose we want to perform a two-tailed test where H0 is that ?d=0. What is (approximately) the p-value of the ..
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