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When asked in a television interview what she felt she was missing out on because she spent most of her time training for the Olympics, a rower answered, “A normal social life.” She also revealed that she had given up a job that paid $20,000 per year in order to train full-time. She was fortunate to receive a grant from Sport Canada of $10,000 per year, but this was not enough to cover all of her expenses. Her food and rent were $5,000 per year and training expenses (coach’s fee, equipment costs etc.) were$16,000 per year. a. What is the annual opportunity cost of “going for Gold” for this rower? b. What is the annual opportunity cost to Canada of training this rower? c. In general, what is the annual opportunity cost to Canada of sending this rower and other athletes to the Olympics?
Illustrate the supply and demand graph. Assume this graph is the market for soda. Illustrate what you anticipate would happen if consumers suddenly decided that they no longer wanted to drink soda
Consider this quote: “The cost of hiring a freight-liner (container ship) to carry products around the world has collapsed in recent months. If this is any guide for the global economy, the picture is looking stormy. The fundamental problem seems to ..
Your financial adviser recommends buying a 10-year bond with a face value of $1,000 and an annual coupon of $75. The current interest rate is 8 percent. What might you expect to pay for the bond (aside from brokerage fees)?
Illustrate what happens to official measure of GDP when air quality improves significantly in united states but there are no effects on aggregate production or on market prices of final goods and services.
Earlier this year, Greek citizens, fearing currency changes or capital controls, took billions of euros out of their bank accounts. Some of it they sent to banks in other countries, and some of it they even hid in flower pots, freezers, and yes, unde..
You just purchase a coupon bond with a face value of $1000, 6% coupons, and three years remaining to maturity. Assume that all markets are 7% A) what is the duration of this bond B) Compute the exact price change(using the present value formula) if i..
Which of the following would not occur in the short run if a binding price floor were raised in perfectly competitive market? What is price discrimination? Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is describ..
Given the initial demand and supply curves for prescription drugs and an equilibrium price and (3) questions ) quantity, select from the list below the ones that the direction of change will be to the right. Consumers become more enamored with the wo..
Which of the following statements about Medicare and Social Security are false?
Choose the multiple choice answers which, when strung together, create an accurate definition. Canada's Nominal Gross Domestic Product (GDP) can be defined as: sold on the black market by the residents of Canada. produced by Canadian\'s located in no..
This question is from the book : Real Estate Development: 5th Edition by Mike E Miles. What are the five key indicators used to forecast demand for land and development? Show a regression equation with dependent and independent variables.
What are the macro- and microeconomic indicators affecting the demand and supply forces in the development of a new office building in a suburban office location.
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