Marginal cost of studying economics

Assignment Help Microeconomics
Reference no: EM131040296

Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months, ____.

A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit

B) the marginal cost of studying economics must have fallen

C) your marginal benefit from studying economics an hour must have been greater than its marginal cost

D) the opportunity cost of studying economics must have risen.

Reference no: EM131040296

Questions Cloud

Partisan legislative politics creates good policy outcomes : devise at least two arguments that support the position that partisan legislative politics creates good policy outcomes for America, In developing your response, be sure to use at least (2) two examples to support your arguments.
Charge for a midsized automobile : This entitled your dealership to an additional 30 percent off themanufacturer's suggested retail price (MSRP) in each year. Taking this intoaccount, your marginal cost of a midsized automobile is $12,000. What priceshould you charge for a midsized..
What health care policy issue is important to me personally : As soon as possible, contact the individual's office to request a meeting. Keep in mind that it may be difficult to get on their calendar, so plan accordingly. You may conduct the interview in person or by phone. Did not get an interview
How much will be your profit or loss corresponding : How much will be your profit or loss corresponding to 30-year yield increasing by 1 basis point - What is the current fair value of the four-year collared floater if the risk-neutral probabilities in the binomial tree are 0.5 and 0.5 for the up and..
Marginal cost of studying economics : Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months, ____.
Maximizes the monopolist output : IF the government wants to set a price ceiling that maximizes the monopolist's output, what price should it set and why?
Discuss three ways to achieve greater balance of power : Internet, or any other available materials, list and discuss three ways to achieve greater balance of power among the three branches of the federal government. Be sure to reference all sources using APA style
Access various search engines for information : Divide the class into three teams. Each team will access various search engines for information on Terry Childs, who was the network administrator for the City of San Francisco, California. One team will act as the prosecution and will present the..
Impact the economy : What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer?

Reviews

Write a Review

Microeconomics Questions & Answers

  Assume that demand for microeconomics textbooks at gsu is

suppose that the demand for microeconomics textbooks at gsu is given byqd 10000 - 25pand that the supply of

  Discuss how this scenario relates to producer

Discussion Question: 1.Assume that you were ready to buy a custom tailored dress (or men's suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100.When you arriv..

  Discuss tradeoffs policymaker faces in choosing larger fines

Discuss the tradeoffs a policymaker faces in choosing between larger fines, longer prison sentences, and greater monitoring in deterring crime. Give at least two reasons discussed in class why deterring crime through longer prison sentences may no..

  Compute the spilt between principal and interest paid

Compute the spilt between principal and interest paid

  Develop a regression equation using the data you collected

Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabili..

  Explain the effect on dollar

Suppose that the euro zone is the home "country" and the US is the foreign country, which means that exchange rate, which has the dimensions of local currency per unit of foreign currency, is in units of euros per dollar.

  Explain which conveys a positive externality

Consider two ways to protect your car from theft. The Club(a steering wheel lock) makes it difficult for a car theif to take your car. Lojack(a tracking system) makes it easier for the police to catch the car thief who has stolen it.

  Impact the problem poses to society

Briefly describe the economic problem you have selected and assess the impact the problem poses to society

  Now calculate the unregulated monopolistic outcome

A firm’s Marginal Revenue curve (in class we called this also Marginal Value) is given by w=1200-2L, where w stands for the wage and L for the quantity of labor. The labor supply curve is given as w=L.

  What is range of prices for one widget in terms of gadgets

You are given the following information about the US and China's ability to produce widgets and gadgets. What is the range of prices for one widget in terms of gadgets

  Define independence of demand and supply curves

If the two are not independent, a shift in the demand curve can lead to a shift in the supply curve referred to as? a)supply-side economics b)physician-induced demand

  Question about monopoly business

ABC is monopoly seller of aluminum in United States and sells no aluminum on world market. It sells aluminum domestically for $2500 per ton and its average expense is $2200 per ton.

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