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The opportunity cost of consuming good A is lower than the opportunity cost of consuming good B. This means that good:
A. has a higher marginal utility.
B. has a higher marginal utility.
C. has a higher marginal utility per dollar.
D. has a higher marginal utility per dollar.
A lump sum of $5.2 million in the first year. Assume the market interest rate will be 6% for all these years.
Illustrate what will be the level of output and price in the long run if this industry were perfectly competitive.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
Use economic analysis to explain why the optimal amount of product safety may be less than the amount that would totally eliminate risks of accidents and deaths. Use automobiles as an example.
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
Elucidate how these tendencies lead to religion becoming evil, how does Kimball respond to them and how the Greek Orthodox tradition transcends them.
If both persons carry an average balance of $3000 on their credit cards for 3 years, how much more money will Edward repay compared with what Jorge owes
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
Your mutual fund increased in value from $10 to $40 over the last 15 years. Illustrate what was the average annual return with continuous compounding for the mutual fund over the 15 year period.
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
In looking at market structures we often see that monopolies are sole providers of a good or service. In looking at utility companies, why are they typically awarded the ability to be monopoly from government?
Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
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