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Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will: A. An inward rotation of the budget curve B. An outward rotation of the budget curve C. A parallel outward shift of the budget curve D. A parallel inward shift of the budget curve.
Outline a micro-economic reform issue that is relevant to the Australian economy (i.e. why has there been reform in this industry or market? How successful do you think these reform measures were and say why referring to some data or research that ha..
Show the effect of each of the following events on the market for coffee by stating 1) if the equilibrium price went up, down, or stayed the same and 2) if the equilibrium quantity went up, down, or stayed the same.
Suppose option A has a higher variance than option B. Which of the following statements is, in general, true?
In 2008, a firm has receipts of $12 million and expenses (excluding depreciation) of $5 million. Its depreciation for 2008 amounts to $3 million. If the effective income tax rate is 35%, what is the firm’s net operating income after taxes (NOPAT)?
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
The opportunity cost of holding money is that you
George and Ellen operate a business and make a profit. Is this good or bad? Would it have been better if they had made a loss? Explain. How do people earn income? If you purse a career and become incredibly rich, have you done so at the expense of ot..
q1. consider the labor market for health care which initially is in equilibrium. suppose the output price for health
q.suppose a factory can produce a shirt for the equivalent cost of 2 loaves of bread and a household can produce a
Briefly describe what globalization means to you, to your company or organization, and to Canada using the principles of the Circle of Reflection. List influences that you believe it will have on stakeholders.
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
calculate the profit maximinizing output. calculate the economic profit earned. Illustrate what is the industry for product equilibrium.
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