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Question: Let's talk about two tradeoffs we face every day: how we spend our time and money.
We can only do two things with income: spend it or save it. Time is the ultimate resource. We can choose to spend time working to earn an income or we can do other things, broadly classified as leisure. Reply to these prompts to start your discussion:
• How does a change in interest rate affect your decision to spend or save? How would a change in the interest rate affect afirm's decision to invest or save?
• How might an increase in the wage rate affect what you do with your time?
• Now describe a tradeoff you've made in terms of time or income.
Talk about tradeoffs with your peers:
• Reply to one peer who made a tradeoff to which you can relate. Discuss and compare your decisions.
Discussion about the amount of money being spent on college sports
The applicants are scheduled at quarter-hour intervals, beginning at 8:00 A.M., and the applicants arrive exactly on time. When the applicant with an 8:15 A.M. appointment arrives at the manager's office, what is the probability that he will have ..
Draw an Edgeworth box diagram to show whether this alloca- tion of resources is efficient. If it is, explain why. If it is not, what exchanges will make both parties better off?
john has been in the habit of mowing willas lawn each week for 20.johns opportunity cost is 15 and willa would be
Provide an example of war-time rape either in the United States or abroad. Did the incident result in any type of punishment or were there no consequences?
Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design.
What are the four basic assumptions about individual preferences? Explain the significance or meaning of each.
what are the problems with unemployment and what are the problems with the way that the government measures
To maximize profits, a perfectly competitive firm should produce until: price is greater than average total cost.marginal cost is equal to price. average total cost is minimized. per unit profits are maximized.
Why might it be true that relative PPP holds better in the long run than the short run? (Think about how international trading ?rms might react to large and persistent cross- border differences in the prices of a tradable good.)
Explain how something in politics and/or regulation impacted how that industry developed (e.g. what it looked like, how it functioned, who it represented).
A company deposits $1000 in a bank at the beginning of each year for 6 years. The account earns 8% interest, compounded every 6 months.
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