Determining the concept of opportunity cost

Assignment Help Microeconomics

Reference no: EM131778351

Question: Use the concept of opportunity cost to explain the following:

a) More people choose to get graduate degrees when the job market is poor.

b) There are more parks in suburban areas than in urban areas.

c) Fewer students enroll in classes that start earlier than 10:00am.

d) More people choose to do their own home repairs when the economy is slow and hourly wages are down.

Reference no: EM131778351

Questions Cloud

Compare the dfi in the united kingdom with the france : Assess the recent trends in direct foreign investment (DFI) abroad by U.S. firms. Compare the DFI in the United Kingdom with the DFI in France in the last five.

What do the conflicts in xinjiang : What do the conflicts in Xinjiang, Chechnya, and Quebec have in common, and how do they differ?

What must the given person do to lead an ethical life : What can this person believe about God and the universe? What must this person do to lead an ethical life?

What is the amount of net income : What is the amount of net income using FIFO, LIFO, and weighted average? c. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighte

Determining the concept of opportunity cost : Use the concept of opportunity cost to explain the following: More people choose to get graduate degrees when the job market is poor.

Explain the collaborative agreements and rules for state : Explain the collaborative agreements and rules for your state (TEXAS) in regard to your NP practice and the case study you select.

Metallic mineral areas of usa : Where are the metallic mineral areas of USA, and where are the fuel deposits in USA.

Average total cost of producing five units of output : Use the following information to answer questions 1-5 Marginal cost of producing the third unit is.

Determine the appropriate cash flow statement treatment : Determine the appropriate cash flow statement treatment for (1) classification, and (2) timing, if applicable, for the above transactions

User Account

All Pages