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Q1. You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs? The difference between the cost to produce the CDs and the price you paid for them spending $30 on two new CDs spending $30 on dinner and a movie with your friends this Saturday night knowing you are the first of your friends to have these CDs.
Q2. When a country allows free trade, the before-trade domestic price of pineapple in the United States is $500 per ton. The world price of pineapple is $600 per ton. The United States is a price-taker in the pineapple market.
Illustrate what is the effect of this policy on the interest rate in the long run.
What is the value of the economic's MPC. Data applies to an economy with only two sectors-households and firms no government or export.
show how consumers make purchase desicions, on the basis of each model of consumer desicion making cognitive, emotional, paasive.
Explain why do the Average Variable Cost curve and the Average Total Cost curve become closer as the quantity increases.
Explain how does the price of fertilizer compare to the average total cost, the average variable cost, and the marginal cost of producing fertilizer.
At what output level would the monopolist produce? (C) At what output level would a perfectly competitive firm produce?
If the price falls to $2, how does quantity demanded change. How does Bert's consumer surplus change. Show these changes in your graph.
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
The purpose of this problem is to study the sacrifice ratio. Assume that initially actual and natural real GDP both equal 11,000 and that the rate of inflation is 3.5 percent.
Industry-land was so named because it is highly industrialized. It is a world leader in production of manufactured goods. If industry-land put all its productive efforts into manufactured goods, it could produce 1,000 units per year. Draw a produc..
Steve believes that Monica has a 25% chance of be Illustrate what is Steve's expected utility from buying.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
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