The value of your time spent at the game

Assignment Help Microeconomics
Reference no: EM13342999

Surpose you find $20. if you chose to use the $20 to go to a footfall match, your opportunity cost of going to the game is (a) nothing. because you found the money (b) $20 ( because you could have used the $20 to buy others things) plus the value of your time spent at the game (c) $20 (because you could have used the $20 to buy other things). (d) $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game, plus the cost of the dinner you purchased at the game

Reference no: EM13342999

Questions Cloud

The only two consumers in an exchange economy : The only two consumers in an exchange economy, consumer A and consumer B, consume the only two goods, X and Y, in the economy. There are 20 units of X available and 20 units of Y.
What is the equilibrium wage : What is the equilibrium wage?
What is your real after-tax gain : The inflation rate is 5 percent and you make a capital gain of $50 on a $1000 investment. The tax rate is 30%. What is your real after-tax gain?
Nontransactions accounts such as bank cd : Recent innovations allow us to rely less on checkable deposits and more on nontransactions accounts such as bank CDs. Although such accounts are desirable because they are less liquid from the depositors' point of view, we must draw customers t..
The value of your time spent at the game : The value of your time spent at the game
Aqueous potassium hydroxide : A volume of 60.0 mL of aqueous potassium hydroxide (KOH) was titrated against a standard solution of sulfuric acid (H2SO4)What was the molarity of the KOH solution if 22.2 mL of 1.50 M H2SO4 was needed?
Find the boiling point of water under pressure : Find the boiling point of water under pressure of 0.5 bar, given that the standard boiling point is 373 K and enthalpy of vaporization is 40.7 kJ/mol.
The graph above shows the heating curve of water : The graph above shows the heating curve of wate
Calculate the heat capacity of the bomb calorimeter : A 1.29 g sample of stearic acid (C18H32O2), a common constituent of fats, is burned in a bomb calorimeter

Reviews

Write a Review

Microeconomics Questions & Answers

  Demand supply-equilibrium wage

The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, like obesity and heart disease. Answer the following: in 600-800 words

  Would the burden off the consumers cause a greater increase

IT would place more of a burden on the producers in the short run as frictional unemployment would result, but it would also take a heavy burden off the consumers purchasing the rice. would the frictional unemployment cause the net welfare to decre..

  What is the relationship of the demand curve and marginal

What is the relationship of the demand curve and marginal cost of equilibrium in a perfectly competitive firm and a monopolistically competitive firm

  Trade sanctions - suitable foreign policy weapon

When international hostilities increase, the United States government will sometime use trade sanctions instead of military action.

  Explain cost savings and reduction in risks associated

LG electronics plans to invest $30 million by 2010 to make this happen with the hope that the cost savings and reduction in risks associated with vertical integration justify the investment.

  How to adjust nominal rate

Suppose that consumption depends on the level of real money balances (on the grounds that real money balances are part of wealth). Show that if real money balances depend on the nominal interest rate, then an increase in the rate of money growth a..

  Define japanese imports into the united states

Quotas imposed on Japanese imports into the United States tend to: penalize both U.S. consumers and Japanese consumers. benefit both U.S. consumers and Japanese consumers.

  Region of increasing marginal returns

At what level of L does the average product reach its maximum and does the total product curve have a region of increasing marginal returns?

  Determining government purchases

What is the initial effect of the tax reduction on aggregate demand? What additional effects follow this initial effect? What is the total effect of the tax cut on aggregate demand?

  Supply and demand problem

New York, had a serious ice storm. Electric power was out in houses for many days. The demand for power generators rise dramatically, Yet the local businessmen did not increase their prices.

  How many spaghetti dinners should the firm make each day

How many spaghetti dinners should the firm make each day and what if the firm has avoidable fixed costs of $1562.50?

  Build a simple supply and demand diagram

Listen carefully to the following video and summarize the main points that he is making and to what extent is it related to Adam Smith's invisible hand

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd