Reference no: EM133082120
Suppose, you have 1,00,000 taka to invest in Post Office's Sanchay Patra or to invest in a new start-up food business. Now, explain the monetary and nonmonetary opportunity cost concepts, if you choose to invest into Post Office's Sanchay Patra.
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but the benefits of the vacation are psychological. How can you compare the benefits to the costs?
The company that you manage has already invested 5,00,000/- taka in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to 3,00,000/- taka. If it would cost 1,00,000/- taka to finish development and make the product, should you go ahead and do so? What would be your managerial decision on this scenario?
Give some examples of scarce resources in the society
|
Plot curves for average product and marginal product
: 18-Inch Pipe Pumping horsepower Total product (barrels per day) Marginal product (barrels per day per hp) Average product (barrels per day per hp) 10,000 86,000
|
|
State the interconnection of factors
: In Farming System we have 4 Factors such as Political Factors, Socioeconomic, Sociocultural and Biophysical Factor. Now, Explain how these factors interact with
|
|
What is liberal economic theory
: Question 1: What is liberal economic theory, and what type of economic system does the theory explain?
|
|
What is the elasticity of water prove
: Consider two linear demand curves with the same price intercept. Which among the two demand curves is more elastic at the
|
|
How can you compare the benefits to the costs
: Suppose, you have 1,00,000 taka to invest in Post Office's Sanchay Patra or to invest in a new start-up food business.
|
|
Regulation that limit the number of lobsters people
: Consider the following events: Researchers shows that eating lobsters increases the risk of heart attack, and at the same time, there is a new regulation that l
|
|
Retained identical conditions for game
: Why have the organisers not retained identical conditions for each game and instead adjusted the prices? Explain your answer.
|
|
Consider the hold-up problem that leads to appropriation
: Consider the hold-up problem that leads to appropriation after the relationship-specific investment is made. Such hold-up reduces social welfare.
|
|
What price would exist in the market
: Assume the supply of a product based on private cost of production is given by 1/2P=Q. If demand is Q=30-1/2P, what price would exist in the market?
|