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Assignment:
Please answer the below questions
Q1. Lashed is a college student and lives off a budget of $100/week. She spends all of it on Chipotle meals and/or Starbucks. Her Chipotle meal costs her $10 and her Starbucks bucks drink costs her $6. Calculate the opportunity costs of one of her Starbucks drinks in terms of Chipotle meals. Write your answer as a whole number or using decimals. For instance, 2, 3, 0.4, 0.8, 1.5, etc.
Q2. Let's say your estimated cost of attending college is $100,000 for tuition, books, and added transportation costs. After taking one class, you realized that you did not take into account the opportunity costs of attending college. What else would you have to consider in order to have a true cost of attending college? Briefly explain your answer.
Q3. Give one example of sunk costs. What is the best way to deal with this situation according to economists?
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In a new poll with regard to the future of the Canadian Senate, 70% of the respondents indicated that they would like to have a vote with respect tot he upper chamber's future. Furthermore, 50% of the respondents said they would like to see the Senat..
Determine and graph the effects of the tariff on the following: (1) the price of wheat in each country; (2) the quantity of wheat supplied and demanded in each country; (3) the volume of trade.
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You know that you are operating in a monopolistically competitive market. Also as manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?
Presume that a department store is selling a popular brand of dress shirt for $109 each. Through the first two weeks, the store sold 100 shirts, and in order to boost sale and clear the isles for new product, it declared a sale "buy one get one free"..
Schizophrenia generally first appears between a person's late teens and mid-30s. While there are often cases which begin at an early age and have a more severe.
Estimated marginal revenue for the student readers. The production department at The Herald estimates a linear marginal cost function for newspaper production
If this firm's situation is typical for the other makers of white bread, will resources flow toward or away from this bakery good market?
Distinguish between Keynesian unemployment caused by an aggregate demand de?- ciency and classical unemployment due to real wages being above the full-employment level. What can monetary policy do to reduce each of these?
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