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Opportunity wage refers to the
A) Income an individual loses when he or she quits a job
B) Highest wage an individual would earn in his or her best alternative job
C) Value of goods and services that could be purchased with a certain individual's income
D) Income equivalent of a volunteer worker
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
Fiscal policy is most effective in a fixed-rate system when capital is perfectly mobile because there is no domestic “crowding out.” Explain what is meant by the term “crowding out,” and then critically evaluate the previous statement using the IS/LM..
submit data findings that include economic factors within that area that may influence your decision, or factors that have prohibited an area to be chosen.
Jane lives in a dormitory that offers soft drinks and chips for sale in vending machines. Her marginal utility for soft drinks (Good X) is equal to 3Yand her marginal utility of chips (Good Y) is equal to 3X. MUx = 3Y MUY = 3X Soft drinks are priced ..
A firm has fixed operating cost of $10,000, the sales price per unit of its product is $25, and its variable cost per unit is $15. The firm's operating breakeven point in units is _______ and its breakeven point in dollars is _________
The Gross Domestic Product is constantly in the news in the United States. This year, we are looking at an annualized growth rate of between 2.2% and 2.4%. Over the past 60 years or so, the GDP has grown on average 3%. have circumstances changed wher..
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples.
Estimated regression equation for which quantifies the demand for Widget
Firms in monopolistically competitive industries are likely to benefit from economies of scale. State whether you agree or disagree with the above statement.
Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed's purchase?
A company borrowed $200,000 at an interest rate of 10% compounded annually over five years. The loan will be repaid in installments at the end of each year in the amounts of: What will be the size of the last payment in year 5 that will pay off the l..
Nintendo's annual income. GDP is figured on a national level. What percentage of the market share does Nintendo have? How much do video games and consoles generate per year?
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