User Account

All Pages

What is the opportunity cost

Assignment Help Business Economics
Reference no: EM132117731

You have three options for the last $5 in your pocket: a cappuccino you value at $6; a smoothie you value at $7, and a frog. What is the (opportunity) cost, in dollars, of purchasing the frog? (Do NOT enter the $.)

Reference no: EM132117731

Questions Cloud

What type of study design was used in this research : a. What type of study design was used in this research? b. Calculate and interpret the relative risk and odds ratio of autism for vaccine recipients
What happens to wanda demand for labour curve : At Wanda's fish store, packers' wages increase to $10 an hour, but the price of fish remains at 50¢ a kilogram. What happens to the value of marginal product.
What is the opportunity cost : Based on this information, what is the opportunity cost, in dollars, of seeing Drake?
Reviewing and confirming your organization : Identify two stakeholders you may consult when reviewing and confirming your organization's vision and mission.
What is the opportunity cost : What is the (opportunity) cost, in dollars, of purchasing the frog? (Do NOT enter the $.)
Why labour union scarce in new york low-income neighbourhood : In Modern Rarity, Workers Form Union at Small Chain In New York's low-income neighbourhoods, labour unions have virtually no presence.
Describe the four characteristics of educational systems : Describe the FOUR characteristics of educational systems that Ravitch lists as high-performing nations.
Devise an assessment plan of applications for performance : Apply concepts and theories of human factors as related to network design and implementation - Human factors in network analysis and design
Why is river preservation considered a public good : (a) Why is river preservation considered a public good? (b) What is the competitive market equilibrium price and quantity for miles of river preservation?

Reviews

Write a Review

 

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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