Does everything have a price

Assignment Help Macroeconomics
Reference no: EM131326719

Define the Say's law and give your interpretation.

Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) Economist see price as an "opportunity cost" every choice has an opportunity cost therefore a price.

Reference no: EM131326719

Questions Cloud

Identify the employee network groups at whirlpool : Do you think Whirlpool's encouragement of employee networks works for or against creating a culture of diversity? Explain your answer.
Correct conventions of standard american english : Organize in a clear logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
Different labs are performed instead of x-rays : Projected increase or decrease in supply or an increase in quantity supplied a decrease in quantities wide for each of the following events and supply for x-rays at a radiology lab. Also protect the change in equilibrium price and equilibrium quan..
Calculate the effective cost of the participation loan : Assume that the appraiser would estimate the value in year 10 by dividing the NOI for year 11 by a 10 percent capitalization rate. Calculate the effective cost (to the borrower) of the participation loan assuming the loan is held for 10 years.
Does everything have a price : Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) Economist see price as an "opportunity cost" every choice has an opportunity c..
What were the firm total fixed costs : A competitive firm in a perfectly competitive market produces and sells hats. Last year, it produced and sold 1,000 hats at the equilibrium price of $10. It incurred average variable costs of $6 and earned total economic profits of $1,000. What..
What if two year treasury rates are 8 percent : How much will the YMF be if the loan is repaid at the end of year 13 if 2-year treasury rates are 6 percent? What if two-year treasury rates are 8 percent?
Which company would be the most solid financial investment : Which company has the strongest net income? Which company has the strongest solvency? Which company is most profitable? Which company would be the most solid financial investment? Why?
Early-bird specials and senior citizen discounts : Does it make sense for a restaurant to offer early-bird specials and senior citizen discounts? Explain your answers in terms of the economic concepts of marginal revenue and marginal cost, as applicable.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Write a paper to describe externality or public good issue

Write a 500-word paper to describe the externality or public good issue in the article and to argue in favor of a government policy measure that would be an appropriate response to the problem.

  Describe the optimal method for procuring a modest number

Describe the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace.

  How has the revolution changed the economy of the nation

How has this revolution changed the economy of the nation? How has it impacted jobs? What does this mean for the US of today in terms of international relationships and responsibilities?

  Personal risk of a corporate organization

Please respond to this question "Based on the readings and your enriching discussion, explain how the reduced personal risk of a corporate organization allows for greater efficiency? Be specific." All i need is a one or two paragraph response ple..

  Question about increased productivity

The technology helps to grow productivity, which in turn frees up resources - permit interest rates to remain lower than otherwise possible. But i am not sure how increased productivity drives economic growth.

  Compute and contrast the international financial

Compute and contrast the international financial organizations that play major roles in NAFTA and Latin-American Integration Association

  What is the difference between the quantity equation and the

State the quantity equation.What is the velocity of money?What is the difference between

  Describe an important insight of keynesian economics

Describe an important insight of Keynesian economics (aggregate supply and demand equilibrium, aggregate expenditures and income expenditures equilibrium) and give an example.

  Important information about equivalent yearly worth

Important information about Equivalent yearly Worth. With an interest rate of 10% per year and given the following estimates, the annual worth of alternative ''F'' is closest to

  Write the equation of the contract curve

Consider an exchange economy with two goods, 1 and 2, and two consumers, A and B. The consumers are initially endowed with a total of unit of each good, i.e. w1 = w1A + w1B = 1 and w2 = w1B + w2B = 1.

  A student sleeps 8 hours per day and divides the remaining

a student sleeps 8 hours per day and divides the remaining time between study time and leisure time. the table shows

  How is mrp computed

How is MRP computed - Using the data presented, in the short run, how many workers would you recommend Sullivan's hire per day to maximize profits - how many workers would you recommend Sullivan's hire per day to maximize profits?

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