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Distinguish between explicit and implicit costs, giving examples of each. What are some explicit and implicit costs of attending college?
1. greg has a salary of 100. he spends his entire budget on milk and cookies. the cost of a quart of milk is 2.00 and
An end-of-aisle price promotion changes the price of elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
Granny’s Butter and Egg Business is such that she pays an effective tax rate of 40%. Granny is considering the purchase of a new Turbo Churn for $25,000. This churn is special handing device for food manufacture and has an estimated life of 4 years a..
discuss the basic concepts of simple systems.identify 3 examples of simple systems. identify 3 examples of simple
Let’s examine how the goals of the central bank influence its response to shocks. Suppose the European Central Bank (the ECB) cares only about keeping the price level stable and the US central bank (the Fed) cares only about keeping output at its nat..
In your view, should leaders in the public service pursue the "greatest good for the greatest number," or follow a set of moral rules when they make decisions involving difficult ethical issues?
Econ202- Also discuss, (1) how options (calls and puts) can be used to increase the value of your portfolio and (2) explain the risk/reward that comes with them.
you have 10000 and your goal is to save as much money in five years in order to make a downpayment for a house. create
There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely.
How the Federal Reserves lending practices changed during this period - what did the Federal Reserve do to support firms deemed "too big to fail."
Suppose you have comparative advantage at baking cookies and other volunteer has comparative advantage. Explain how you can both gain from specializing and why.
The price of X and Y are $40 and $60 respectively. Use the following table of total utilities to answer the following questions.Good Total Utility of X Total Utility of Y
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