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State whether each of the costs below is either sunk, opportunity, cash or book:
Amount you paid for a piece of equipment last month:
Value claimed for tax purposes on a depreciated soda filling machine:
Price paid to a consultant for a feasibility study on a prospective project:
Monthly utility expense:
Value of floor space in a warehouse facility left empty the past 10 quarters:
Research deflation in Japan and explain what happened to the equilibrium price level in Japan during the early 2000s. How did Japan's equilibrium price level adjust between the middle of 2008 and early 2010?
Agriculture and Agri-Food Canada implemented a farm savings plan called AgriInvest that would help farmers navigate shallow losses (differences between revenues and expenses that are not extreme). What is the rate of return (on the first 22,500 contr..
Consider a market where supply and demand are given by QXS = -14 + PX and QXd = 85 - 2PX. Suppose the government imposes a price floor of $38, and agrees to purchase any and all units consumers do not buy at the floor price of $38 per unit. Determine..
Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..
Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxes. As a consequence of this government policy, the ag..
For the Portfolio Project, conduct an analysis of the current economic standing of Greece and provide your evaluation and outcome expectations in an articulate and informative paper that discusses: Identification of three to five macroeconomic indice..
In the hedonic theory of wages model show how imposition of safety regulation may lead to lower utility for an individual with a strong preference for higher wages.
Julio receives utility from consuming food (F) and clothing (C) as given by the utility function U(F,C)=FC. In addition, the price of food is $2 per unit, the price of clothing is $10 per unit, and julio's weekly income is $50. What is julio's margin..
A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currencies the natives use are not U.S. dollars; they use a currency called a..
Which of the following will cause the demand curve for a low-price wine produced in California to become flatter?
jane works part-time and earns 12000 per year. because she is below the poverty line she also earns 4000 in various
A first mover is dominating a market, with revenues of $40 million annually. The average total cost for the firm is $20 million, of which $19 million is fixed. How can the first mover keep others from entering the market?
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