Views the unpleasantness of the part-time job

Assignment Help Macroeconomics
Reference no: EM132632206

Benny is thinking about going to the gym class and his benefit from going to the gym class is $482. The gym class costs $258 and he will have to cancel his part-time job as a cleaner that pays $343. Normally, he would be unwilling to do the part-time job for less than $Y. (Benny views the unpleasantness of the part-time job as an offset against its salary.) Benny will decide to go to the gym class if and only if Y is at least[Answer].(In decimal numbers, with two decimal places, please.)

Reference no: EM132632206

Questions Cloud

Record the issue of the convertible notes : Simpson Ltd issued $10 million of convertible notes on 1 July 2023. Record the issue of the convertible notes
Draw kessy initial ppf-constant opportunity cost : In Kessy's old kitchen, he could bake 10 cookies or mix 15 glasses of lemonade in a day. Now he has a bigger oven and kitchen.
What is jerry price elasticity of demand : Jerry drives up to a gas station. Before looking at the price, he places an order and says
What was the trend in working capital accounts : What was the trend in working capital accounts and hat other major items affected cash flows for each firm - What are the major sources of cash for each firm?
Views the unpleasantness of the part-time job : Benny is thinking about going to the gym class and his benefit from going to the gym class is $482. The gym class costs
Write an essay critiquing the theory : Analysing discourse or the tools used for the analysis of discourse. The practical discussion should explain how the theoretical concepts can be applied
How much interest expense will be paid on August : Allstar Company signed a $300,000 mortgage on July 1, 2018 for the purchase of their new garage building. How much interest expense will be paid on August
Explain why Lisa Dallimore should have reservations : Explain why Lisa Dallimore should have reservations about accepting the engagement in respect of linear accelerators
What was the company net income for the year : The co.had net depreciation expense of $1M and interest expense of $1M; What was the company net income for the year

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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