The value of your time spent at the game

Assignment Help Microeconomics
Reference no: EM13342999

Surpose you find $20. if you chose to use the $20 to go to a footfall match, your opportunity cost of going to the game is (a) nothing. because you found the money (b) $20 ( because you could have used the $20 to buy others things) plus the value of your time spent at the game (c) $20 (because you could have used the $20 to buy other things). (d) $20 (because you could have used the $20 to buy other things) plus the value of your time spent at the game, plus the cost of the dinner you purchased at the game

Reference no: EM13342999

Questions Cloud

The only two consumers in an exchange economy : The only two consumers in an exchange economy, consumer A and consumer B, consume the only two goods, X and Y, in the economy. There are 20 units of X available and 20 units of Y.
What is the equilibrium wage : What is the equilibrium wage?
What is your real after-tax gain : The inflation rate is 5 percent and you make a capital gain of $50 on a $1000 investment. The tax rate is 30%. What is your real after-tax gain?
Nontransactions accounts such as bank cd : Recent innovations allow us to rely less on checkable deposits and more on nontransactions accounts such as bank CDs. Although such accounts are desirable because they are less liquid from the depositors' point of view, we must draw customers t..
The value of your time spent at the game : The value of your time spent at the game
Aqueous potassium hydroxide : A volume of 60.0 mL of aqueous potassium hydroxide (KOH) was titrated against a standard solution of sulfuric acid (H2SO4)What was the molarity of the KOH solution if 22.2 mL of 1.50 M H2SO4 was needed?
Find the boiling point of water under pressure : Find the boiling point of water under pressure of 0.5 bar, given that the standard boiling point is 373 K and enthalpy of vaporization is 40.7 kJ/mol.
The graph above shows the heating curve of water : The graph above shows the heating curve of wate
Calculate the heat capacity of the bomb calorimeter : A 1.29 g sample of stearic acid (C18H32O2), a common constituent of fats, is burned in a bomb calorimeter

Reviews

Write a Review

Microeconomics Questions & Answers

  What will be the free-market wage rate and employment level

where LS is the quantity of low-skilled labor (in millions of persons employed each year), and w is the wage rate (in dollars per hour). The demand for labor is given by

  Flat rate tax on income

How would income distribution and resource use change if a flat rate tax on comprehensive income were substituted for current progressive income tax in United States?

  What is real gdp starting from full employment equilibrium

Governments routinely alter their spending patterns to impact the economy, particularly as they relate to GDP growth and unemployment levels. Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting fro..

  Economic output problems

Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.

  Describe explicit costs

Joanne has decided to buy the Hummer and set up a commuter service between Boston and Lowell. There are 1000 people who will pay $400 a year for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation etc.

  Supply and demand curves - excise tax

The government levies an excise tax of five cents per unit sold on sellers in a competitive industry. Supply and demand curves have some elasticity with respect to value.

  What does the cost of a good or service reflect

What does the cost of a good or service reflect? Will producer continue to supply a good or service if consumers are unwilling to pay a price sufficient to cover the cost?

  Calculate revenue deficit and primary deficit

The following figures are based on budget estimates of Government of India for the year 2001 – 2002

  Government expenditure in increasing gdp

An increaseing governemtn expenditure in increasing GDP when it is financed by rasing taxes or slling government bonds to the general public or else.

  Explanation of the relevance to the firm

General Electric (GE) is the company we selected.  Explanation of the relevance to the firm,  A strategy of how the firm will respond ,  A goal to maximize revenues for the years ahead 45

  Explain the rapid development in india

In 1999, India did not have shopping malls. It now has more than 100 malls. explains this rapid development.

  Compute the deadweight loss

Suppose the government imposes a price floor of $25, and agrees to purchases any and all units consumers do not buy at the floor price of $25 per unit (3 points) a. Determine the cost to the government of buying firms' unsold units. b. Compute the ..

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