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Briefly describe the trade-offs involved in each of the following decisions. Specifically, list some of the opportunity costs associated with each decision, paying particular attention to the tradeoffs between present and future consumption.
a. After a stressful senior year in high school, Sherice decides to take the summer off instead of working before going to college.
b. Frank is overweight and decides to work out every day and to go on a diet.
c. Mei is diligent about taking her car in for routine maintenance even though it takes 2 hours of her time and costs $100 four times each year.
d. Jim is in a hurry. He runs a red light on the way to work.
Critical Thinking: Although still not yet fully implemented Congress passed a bill creating national health care system, called the Affordable Care Act, also called Obama-care. In what ways do the principles of economics relate to this decision? Desc..
What are some of the challenges faced by marketers as they attempt to define their target markets How necessary is it to fine-tune your Marketing Plan so that your target market is clearly defined and measurable
Require a lot of calculations in STATA
build a multiple regression model to explain the variability in the median school year. describe the goodness of fit of
Philips Curve: Assume an economy recently suffered a demand shock and is currently in a recession. Assume that in response to a recession, there is a large boost in government spending
part of a business strategy you are considering involves the reduction of labor and material costs. your cfo suggested
Describe the likely effects on the total welfare (surplus) of society of the status quo, i.e., do nothing and let the market decide.
What should the Fed do to prevent the unemployment rate from changing in the short run? Show how the Fed's action, combined with the decline in business confidence, affects the AS-AD diagram in the short run and the medium run.
After robbing a bank bonnie and Clyde are caught by the police and are separately given the choice to be silent or to confess and blame the partner. If both are silent, each gets one year in prison
1) If the desired level of investment spending (I) is greater than the level of national savings (S), are net exports (NX) positive, negative, or zero? Explain the connection between I, S, and NX (in words as well as mathematically).
Gobi Inc. has sales of $40,000,000. The contribution margin is $0% and the fixed costs are $3,000,000. The variable costs per unit is $12. The company is considering two different strategies for increasing their profits:
During 2001 recession, there were 2.1 million jobs lost and unemployment rose from 3.9% to 6.3%. Real GDP growth slowed to 0.8% compared to 3.9% average annual growth during 1994–2000. Using IS-LM model to explain the causes of the 2001 recession. Ex..
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