Important trade-off and opportunity cost

Assignment Help Business Economics
Reference no: EM132618040

1. Describe an important trade-off and opportunity cost

2. Give an example of some action that has both a monetary and non-monetary opportunity cost

3. Describe an incentive your parents offered you in an effort to influence your behavior

Reference no: EM132618040

Questions Cloud

Which multistep income statement divides revenues : Which multistep income statement divides revenues and expenses further to show? revenues and expenses without further categorization
Derive the marginal rate of substitution : Derive the marginal rate of substitution for the typical low-income household.
Describes the purpose of closing entries : Describes the purpose of closing entries? To determine the amount of net income or net loss for the period./ To facilitate posting and taking a trial balance.
Review problem based on simple databases : In Chapter 4 of your course textbook, complete Analysis Exercise 4: Matching Training to Software Use (pp. 171-172). You need to use both MS Excel.
Important trade-off and opportunity cost : 1. Describe an important trade-off and opportunity cost
Explain how finance and accounting meet the auditing : Explain how finance and accounting meet the auditing requirement of Centers for Medicare and Medicaid Services (CMS), state regulatory bodies
Depending on the type of conflict : The solution to a conflict will vary depending on the type of conflict.
What other scripts and languages do you use : How are HTML, XML, and Java affecting business applications on the Web? Give examples. What other scripts and languages (i.e. Visual C++) do you use in your.
How much is the accumulated depreciation of the machine : Estimated useful life of five years with a residual value of $5,000. How much is the accumulated depreciation of the machine on December 31, 2021?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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