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Mary is Planning for her day Off..She has three options,
Stay home : value $10, cost $0
Walking: value $25, cost $10
Road trip: value $40, cost $25
If mary decided to go on the road trip, what is her opportunity cost?
Briefly explain why the three variables are appropriate explanatory variables to predict the consumption of services or why they are related to consumption.
Neville has demand function q = .02m - 2p, where m is income and p is price. Income is $8,000 and he initially had to pay a price of $40 per bottle of claret. The price of claret rose to $80. The substitution effect of the price change is?
Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed's purchase?
What were the elements behind the successful acceleration of industrialization after 1865. What were factors that caused ex-slave states in the south lag behind the north in participation in this acceleration of industrialization?
Think of some other real-world examples where the competitive hypothesis is violated. What would need to be added to the basic supply and demand model to accurately predict what people do when they aren't sure
5.the benefit of cutting down a forest is 1 million now. the environmental cost of that harvest is 10year forever.1 at
Explain the main channels through which the Fed can influence economic activity. Which theory has provided a better model, Classical or Keynesian, when it comes to prediciting how money affects the macro economy? Explain
Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. Calculate your aunt's expe..
explain the statement that an individual bank has little ability to expand the money supply unless all the other banks
For each level of output except zero output, calculate the average variable cost, average total cost and average fixed cost.
A new material handling equipment is being economically evaluated separately by engineers. the first cost is 107000, and salvage value of 35000. Both engineers estimated that the revenues from the equipment will generate 27000 per year. use the PW to..
write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line
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