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Question: The idea of rational choices is essential to the study of economics. As discussed in the first chapter of almost every text book on microeconomics, a rational decision involves a careful comparison of the additional benefit derived from an activity ("marginal benefit") to the additional cost incurred ("marginal cost"). Your homework problems include a question about calculating the total cost of attending college, including the opportunity cost. Because you are taking an online course, your costs are different than the example in the homework. Take some time and consider the marginal cost and marginal benefit of your decision to continue your education. You may want to search for articles related to college as an investment, and average lifetime earnings. Please share some thoughts and post a link if you find a good article that either supports your position or offers another perspective.
This assignment is designed to teach you how to research a company of your choice. You will be performing an analysis of the financial statements of a publicly traded company.
What role do central banks pla in the international economy
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Determining sample-size is important step when planning a statistical study. It is also quite a difficult task since many variables must be considered.
Using the information in data set one, which I have included in the table below, recalculate total cost, fixed cost, variable cost, marginal cost, average total cost, average variable cost and average fixed costs if the price of the fixed input (t..
How does a consumer's optimal choice of goods change if all prices and the consumer's income double? (Hint: focus on the budget constraint. You don't have to, but you can use an example to support your answer).
The policy trilemma: One could make a reasonable case that the United States in the past decade has been able to achieve all three goals of the policy trilemma.
Do you believe the provision of "Buy America" placed in the $787 billion stimulus package by Congress was necessary during the recession to ensure American jobs and strengthen the American Economy?
Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource. A producer wishes to determine how the addition of pounds of plastic will affect its MRP and profits. See the tab..
How will your analysis of this problem change if DeBeers must deal with a monopoly retailer? Is it more or less likely that DeBeers will wish to go.
Examine a highly competitive industry (airlines, video games, fast food, soft drinks, your own field etc.) using the Five Forces.
Suppose that the following data characterize the hypothetical economy of Trance: money supply = $200 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, inc..
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