Purchase more of the products

Assignment Help Macroeconomics
Reference no: EM131090691

Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50.

What is the opportunity cost of one more candy bar? One more bag of peanut? Do these opportunity cost remain the same when you purchase more of the products? Why?

Reference no: EM131090691

Questions Cloud

Provide truearth with recommended promotion strategy : Given your assessment of what this target tribe values and the corresponding product, price, and promotion strategy that you feel TruEarth would have to implement to be successful, do you recommend that TruEarth go ahead with the launch of this li..
Standard of a harvard business school case : The aim of the project is to give you an opportunity to apply the concepts learnt in the course to a real life merger/acquisition/divestiture/LBO/restructuring etc. kind of deal.
Pseudocode for a program that will calculate : There is a fish day care center called Fish-O-Rama. They need pseudocode for a program that will calculate the daily fish care fee based on a fish's size. The program must accept the following from the user:
Take any corporate restructuring activity : The aim of the project is to give you an opportunity to apply the concepts learnt in the course to a real life merger/acquisition/divestiture/LBO/restructuring etc. kind of deal.
Purchase more of the products : What is the opportunity cost of one more candy bar? One more bag of peanut? Do these opportunity cost remain the same when you purchase more of the products? Why?
Describe a major competitor of the brand : Describe a major competitor of the brand and compare the two brands in terms of positioning. Are they positioned differently?
A financial planner and the couple asks : Scott and Alisson are married and file a joint tax return. Scott is a graduate student who works part-time and earned $15,000 in 2012. He is not eligible to participate in his employer's retirement plan because he is a part-time worker.
Determine the current required to spin the motor : Run through an experimental fine-tuning, choosing PID parameters that minimize both controller error and response time.
Discuss your perspective on the use of game theory : Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and growth of an organization?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Consider our standard formula for gdp ycigx additionally

consider our standard formula for gdp ycigx. additionally note that consumption is given by c aby-t where t -200.2y.

  Relationship between keat young and erfle

relationship between Keat Young and Erfle

  Limit your reaction to stratigies which can work

Limit your reaction to stratigies which can work and reasons for their success.

  How much additional interest will you receive

Bank North advertises, “We pay 6.5%, compounded daily.” Bank South advertises, “We pay 6.5%, compounded continuously.” If you deposit $10,000 with Bank South for one year, how much additional interest will you receive?

  Determine the optimum order quantity and the corresponding

Determine the optimum order quantity and the corresponding totalrelevant cost

  Gasoline­powered automobiles for electric­powered ones

Economists believe that optimal decisions are made up to the point where: Why would economists find it surprising if the CEO of a large company does his or her own housework? When consumers discard their gasoline­powered automobiles for electric­pow..

  Conclude that the net benefits of the pool are negative

An analyst is trying to determine the net social benefits generated by the city's public swimming pool. At the current admission price of $1.00, 400 individuals visit the pool annually. The total cost of the pool is $800 annually. Thus, the pool r..

  Assume that you have drawn a total product

Assume that you have drawn a total product curve for labor given a specific technology. Now let some sort of technological change increase the productivity of labor.

  State whether demand is price elastic or inelastic

Calculate the price elasticity of demand for the following products and state whether demand is price elastic, inelastic, or unit elastic, a. Raw sugar prices rose by 3% and raw sugar consumption declined by 2%.

  Calculate the current eps and pe ratio

Aero Company currently has net income of $3 million and 1. million common shares outstanding which sell for $20 per share. Aero has decided to issue new stock to raise $4,000,000 to expand its operations.

  Airline decision to remain in business

Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?

  Whether the plant be shut down for a while or not

Assume you are the plant manager for Bravo Pork Rinds, which produces pork products in a market that approximates perfect competition. Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you wh..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd