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Last week, jorge purchased a $45 ticket to a soccer game scheduled for this Thursday. If he attends the game, he'll miss three hours of work, where he's paid $15per hour. While he can't return the ticket, he can resell it online for $30. Attending the game is worth $100 to him. Based on this information, which of the following is true?
A. the opportunity cost of attending is $75.
B. the opportunity cost of attending is $25.
C. the opportunity cost of attending is $105.
D. the opportunity cost of attending is $45.
Identify four different types of Regional Trade Agreements (RTAs). 2. Examine the European Union (EU) and its current state. Discuss how the EU is related to RTAs. 3. Discuss the benefits and negative aspects of using a common currency.
Outline the First and Second Welfare Theorems and their implications for the role of government. How can we use them to analyse the trade-off (if one exists) between efficiency and equity?
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Assume that you were ready to buy a custom tailored dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. When you arrive at the tailor shop, ..
Elucidate which is more cost-effective. If the salary rate increased to $12 an hour, which would be more cost-effective.
q1. when the price of ford pickup trucks rises from 18000 to 19000 the quantity of chevy trucks demanded increases from
what is the output level does the marginal cost curve cross the average cost curve. Compute her accounting and economic profits.
How is elasticity related to revenue. How is diminishing marginal returns related to cost. How are revenues and costs related to profit.
Describe the size of public sector borrowing/public sector debt requirement. Autonomous consumption is 10 billion the marginal propensity to consume.
Explain the impact of Wal-Mart's supply chain management on its total product, marginal product, and average product curves. What has been the effect on its retail prices?
Briefly explain why the three variables are appropriate explanatory variables to predict the consumption of services or why they are related to consumption.
How does this variation affect people and corporations? Use the graph functions of Word or Excel to assist you-You will need two graphs.
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