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Question 1
You earn $3,000 from a part-time job. You have a choice between spending the money now or putting it away in a bank account that pays 5 percent interest per annum. What is the opportunity cost of spending the $3,000 now? Explain your answer.
Question 2
State whether each of the following events will result in a movement along the demand curve for McDonald’s Big Mac hamburger or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the right or to the left and draw the graph to illustrate the shift. Briefly explain your answers.
a) The price of Burger King’s Whopper hamburger declines.
b) McDonald’s distributes coupons for $3 off on a purchase of a Big Mac.
c) Because of a shortage of potatoes, the price of French fries increases.
What do you think are the three most important purposes of the AICPA Code of Professional Conduct?
identify a company in your area that would classify as a monopoly. explain why you classify it as monopoly and state how the company relate to at least 2 characterstics of that particuliar marke
A tractor for over-the-road hauling is purchased for $95,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000.00. Calculate the depreciation deduction and the unrecovered investment during each ye..
Compute the minimum rate of interest, and, therefore, the risk premium, at which you would lend $1000 on the informal market. Suppose you are risk-neutral.
Find the present value of this project by using the Adjusted Present Value (APV) formula
her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.
Explain why each of the following example is not a perfectyl compertitive industry
its balance related earnings sheet showed $780 million of retained earnings. What were the total dividends paid to shareholders during the most recent year?
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
Describe the long-run effects of patent expiration on prices, output and profit in a monopolistic industry.
q. define the values for following parametersa1b2c10graph f and g as a function of d over the interval 010.when you try
Assume that at this time in the nation of Economic when families split up there are no required child support payments.
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