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Opportunity cost is defined:
Select one:
a. Only in dollar terms.
b. As the combined value of all alternatives not chosen.
c. As the value of the best alternative sacrificed when a choice is made.
d. As the value of any alternative sacrificed when a choice is made
As a manager, Explain how would you decide Explain how many workers to hire. Illustrate factors might play a role in your decision.
q. how to calculate marginal revenue from demand?a.if the marginal propensity to save is 0.05 how large is the
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
Suppose government spending increases in a closed economy. Would the effect on aggregate demand be larger if the Bank of Canada took no action in response, or if the Bank were committed to maintaining a fixed interest rate.
The AFN equation produces more accurate forecasts than the forecasted financial statement method, especially if fixed assets are lumpy, economies of scale exist, or if excess capacity exists.
What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union.
Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how cutting cost can be accomplished? What are some specific examples of how firms have used technology to lower costs?
The company ises MACRS depreciation and its marginal tax rate is life of 5 years). The 10 cars were sold at the ending a MARR of 10% and using NPW, determine if this was a good investment on an after-tax basis.
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
If the decision is to be based on maximum expected value, what should be done?
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