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Multiple Question: You work as an Assistant coach on the university basketball team and earn $12 per hour. One day you decide to skip the hour- long practice and go to the street fair instead, which has an admission fee of $7.
The opportunity cost of skipping practice and going to fair, valued in dollars, is?
With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labor, 5 units of land, 4 units of capital, and 1 unit of entrepre..
Countertrade is an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent. What are the risks associated with pursuing such a strategy?
The initial cost of a pickup truck is $10323 and will have a salvage value of $3850 after five years. Maintenance is estimated to be a uniform gradient amount of $160 per year, with zero dollar for first year maintenance. The operation cost is estima..
Interest payments on a bond are $500 twice a year. If the bond interest rate is 5% per year compounded semiannually, the bond face value is: Two mutually exclusive alternatives, A and B, are to be evaluated by the ROR method. The initial investment f..
Manufacturing company would like to borrow $250,000 to add a new production line in their facility. If the company borrowed the money from a financial
How much will total output increase in terms of percent? What happens to the rental price of capital? What happens to the real wage?
A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production. How much output shoul..
Assume new suppliers enter the market due to the increase in demand so the new supply curve is Q= -500 + 10P. Illustrate what are the new equilibrium price and equilibrium quantity.
The purpose of this assignment is to understand what basic hardware and software components make up a computer.
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
Suppose that consumer’s utility is described by the following function: U(x;y) = x2y, where x is the amount of good X that the consumer consumes and y is the amount of good Y that the consumer consumes. Consumer’s income is 360 euros. Find the minimu..
Find the total revenue of the monopolist when it sells 6 units of the commodity without practicing any form of price discrimination. What is the value of the consumers' surplus?
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