What is the opportunity cost of an extra

Assignment Help Business Economics
Reference no: EM13851855

What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (valued at 30$/h), doing problem sets for a maximum of 2h (valued at 10$/h), and suing for any amount of time (valued at 15$/h) [You can combine activities as you wish.]?

Reference no: EM13851855

Questions Cloud

An inventory management system in the food industry : An Inventory Management System in the food industry.
Identify a scientific or real-world problem with a relevant : Identify a scientific or real-world problem with a relevant data set
What is the sunk cost of this purchase : You have just purchased a house for $400,000, paid $24,000 for legal fees and $17,000 for renovations. The market price of the house does not change. If the sales tax on a house were 3% (to be paid by you if you sell the house), what is the sunk cost..
Calculate the standard normal distribution value : Calculate the standard normal distribution value
What is the opportunity cost of an extra : What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (valued at 30$/h), doing problem sets for a maximum of 2h (valued at 10$/h), and suing for any amount of time (valued ..
Compare innate immunity with specific immunity : 1) Compare Innate Immunity with Specific Immunity (Explain three major differences between them). 2) Briefly explain Innate immunity (explain different level of first and second lines of defense)
Give up three apples in exchange for one banana : Suppose Jimmy says that he is willing to give up three apples in exchange for one banana, or give up one banana in exchange for three apples. Either trade is alright with him. Suppose that apples cost $2 and bananas cost $1. What trade, if any, would..
What jobs had she held in the past : What should go in the section "Sources": in this section write about the author, A. Fadiman; where did she go to school, college? What was her major? What jobs had she held in the past? How did she get this particular assignment
Some of strategies for dealing with emotion in negotiation : Conduct a light research on the role of emotion in negotiation process, and the effect it has on the outcome of the negotiation. Does emotion delay the negotiation process, or prevents parties from reaching an agreement? Why or why not? Evaluate some..

Reviews

Write a Review

Business Economics Questions & Answers

  Qsharp rises in the cost of milk grain and fresh fruits and

q.sharp rises in the cost of milk grain and fresh fruits and vegetables are hitting cafeterias across the country

  Illustrate what will be total effect on m3 money supply

Illustrate what will be total effect on M3 money supply. Explain illustrate what steps can be taken by Fed to reduce M3 money supply in economy.

  Describe the likely economic impact to a company

Describe the likely economic impact to a company if its bonds are down-rated from AA to A in its annual review from Moody's and S&P. Find the price of a 20 year bond that has a coupon rate of 8%, pays semi-annual interest, and has a $1,000 face amo..

  What level of confusion socially efficient

Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utile. However, when the professor clarifies the concept, each ..

  Given that a central bank is deemed a necessity

Given that a central bank is deemed a necessity in a free market economy should we leave it as it is or place more legislative controls?

  What is ford likely to do

The campaign is very successful, and the company increases its share of the compact-car market substantially. What is Ford likely to do?

  Which is most likely occur under a system of clearly defined

Which is most likely occur under a system of clearly defined and enforced private property rights.

  Q1 the country of numidia does not trade with any other

q1. the country of numidia does not trade with any other country. its gdp is 20 billion. its government collects 4

  Assume that the required reserve ratio

If we assume that the required reserve ratio is 10%, please provide a detailed write-up of what actions could (should) the bank manager take if there is an unexpected deposit outflow of $50 million?

  Discuss the achievements and failures of each of these round

In their last half-century there have been three additional rounds of GATT/WTO negotiations. Discuss the achievements and failures of each of these rounds, and summarize.

  Sum-of-years digits depreciation

Assuming sum-of-years digits depreciation, what book value will Model-I have after two years.

  Proportional tax must be just affordable under lump-sum tax

Show that the consumer is better off with a lump-sum tax rather than a proportional tax on wage income given that either tax yields the same revenue for the government. You must use a diagram to show this. (Hint: the consumption bundle the consumer c..

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