Calculate the opportunity cost of an increase

Assignment Help Econometrics
Reference no: EM13243985

Calculate the opportunity cost of an increase in the number ofhours spent studying in order to earn a 3.0 GPA rather than a 2.0GPA.
Total Hours HrsStudying GPA HrsWrking Income
60 60 4.0 0 $0
60 40 3.0 20 $100
60 30 2.0 30 $150
60 10 1.0 50 $250
60 0 0.0 60 $300

Reference no: EM13243985

Questions Cloud

Find mean-variance and coefficient of variation : Construct a 95% con dence interval for the true mean. Based on the con dence interval, is the true mean likely to be 15g and find the minimum weight of the heaviest 5% of cans of soup produced.
Would banning negext increase or decrease welfare : a. Find the equilibrium price and quantity. Compute consumer surplus, producer surplus, and totalsurplus in the market equilibrium. b. For each unit of Negext produced,4 units of pollution are emitted, and each unit of pollutionimposes a cost on s..
Calculate the average radius of neptune : The average density of the planet Neptune is 1644 kg/m3. The acceleration of gravity on its surface is 11.32 m/s2. Calculate the average radius of Neptune
Explain how many moles of naoh are needed to react : How many moles of NaOH are needed to react with 24.36 mL of 0.4921 M oxalic acid solution
Calculate the opportunity cost of an increase : Calculate the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0GPA. Total Hours Hrs Studying GPA HrsWrking Income
How far would the rock fall : If an astronaut dropped a small rock near the surface of Pluto, how far (in m) would the rock fall in 2.4 s
Compute the boiling point of aqueous solution : Calculate the boiling point of a 2.97m aqueous solution of ethylene glycol, a nonvolatile nonelectrolyte.
How the firm will achieve productive efficiency : The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive eff..
Explain what things will the government change : Our assignment is to write an FOMC statement similiar towhat we believe the real FOMC statement, released by thegovernemnt, will be like. What topics will it cover and what thingswill the government change

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate marginal rate of substitution in good x2

2. Find the marginal utility of good x2 3. Calculate the Marginal Rate of Substitution between good x2 and good x1: MRSx2,x1 = (du(·)/dx2)/(du(·)/dx1) 4. Equate this marginal rate of substitution to the ratio of prices : (Px2)/(Px1)

  Compute the price elasticity of demand for tacos

Joe, the owner of Super Taco, has historical sales info from recent price changes. Joe is certain no other demand factors, such as compeitor prices or consumer income, have significantly changed.

  Determine what is the change in worker productivity

For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000

  How to replace toll booths on a toll road in the city

A city engineer knows that she will need 25 million in 3 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 20 million vehicles per year. How much per vehicle should the toll be to cover the cost of the..

  What term do economists use to describe the second outcome

If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation What term do economists use to describe this s..

  What will your accounting profit or loss be

Suppose the government imposes a 25-percent tax on accounting profits. This tax is only levied if a firm is earning positive accounting profits. What will your after-tax accounting profit be in the low-revenue case In the high-revenue case.

  How much output will each firm produce in equilibrium

The inverse market demand in a homogeneous product cournot duopoly is P=280-2Q=280-2(q1+q2) and costs are C1(q1) = 20q1 and C2(q2) = 30q2. a. How much output will each firm produce in equilibrium b. What are the equilibrium market shares for these t..

  Find the yield to maturity of the securities

Find the yield to maturity of the following securities: A. a security paying $ 1000 in one year, for which you pay $926 today  B. a security paying $ 80 0ne year from now and $ 1080 two years from now, for which you pay $1,050 today

  Which model of watches should company produce to max profit

assume that now there is a sortage of qualified labor and maximum amount of labor hours company can use per day is 70 (workers in company receive 10EUR per hour).Which model of watches should companu produce to maximize its profit

  Determine whether now is the time to replace the old machine

A five-year-old defender has a current market value of $4,000 and expected O&M cost of $3,000 this year, increasing by $1,500 per year. Future market values are expected to decline by $1,000 per year.

  Describe what investment options are open to kristin

Kristin Earhardt is a 26-year-old management trainee at a large chemical company. She is single and has no plans for marriage. Her annual salary is $34, 000 (placing her in the 1 5% tax bracket), and her monthly expenditures come to approximately ..

  Find the subgame perfect nash equilibrium

Find the Subgame Perfect Nash Equilibrium where rm 1 chooses its quantity in the rst stage, then in the second stage rm 2 makes its quantity choice. Find the equilibrium quantities, price, and prots. Which rm produces more in equilibrium Find the ..

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