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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
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
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 cost of equilibrium in a perfectly competitive firm and a monopolistically competitive firm
When international hostilities increase, the United States government will sometime use trade sanctions instead of military action.
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.
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..
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.
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?
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?
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 and what if the firm has avoidable fixed costs of $1562.50?
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
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