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It is Saturday night and you are deciding whether to go to a movie or to see a local band play. You are willing to pay up to $15 for the movie and $30 for the band. Movie tickets cost $7 and seeing the band will cost you $20.
(i) Calculate the opportunity cost of going to see the movie.
(ii) Calculate the opportunity cost of going to see the band.
On September 30, Silver Corporation, a calendar year taxpayer, sold a parcel of land (basis of $400,000) for a $1 million note. The note is payable in five installments, with the first payment due next year. Sam, the sole shareholder of Silver, has a..
What is Intellectual Property(IP)? What are the public policy implications of information economics perspectives on IP? How does it differ from conventional
What is "natural " about the natural rate of unemployment? why might the natural rate of enemployment differ across countries? 4. Suppose a drought destroys farm crops and drives up the price of food. what is the effect on the short-run trade-off bet..
If the company's effective tax rate is 29%, what was the company's cost of debt capital after taxes?
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
What is the probability of randomly selecting three car batteries and all of them continue to work before their warranty periods expire?
Using the above information what happened to the percentage of the Belgium economy that is involved in exports? What does this mean in terms of specialization
Suppose the price of apples goes up from $20 to $24 a box. In direct response, Goldsboro Farms supplies 1,400 boxes of apples instead of 1,200 boxes. Compute the coefficient of price elasticity (midpoints approach) for Goldsboro’s supply.
The factory had, since its establishment in 1984, processed a variety of fruit juices for the Zimbabwean market.
Esmerelda worked parttime for her mother’s business without pay. Tabitha was absent from work because she had strep throat. Who is counted as “employed” by the Bureau of Labor Statistics? Cyclical unemployment results from? Which of the following pe..
PA1 According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate o
Suppose a household's annual take-home pay in 1951 was $8,320. Elucidate what would be an equivalent home pay in 1982.
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