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You have a part-time job at the library that pays $10 per hour, 4 hours per day on Saturdays and Sundays. Some friends want you to join them on a weekend ski trip leaving Friday night and returning Monday morning. They estimate your share of the gas, motel, lift tickets, and other expenses to be around $50. What is your total economic cost of taking the ski trip?
a) $130
b) $60
c) $50
d) $80
Prepare a presentation paper on PESTEL analysis for MENA region (for all the 26 countries in MENA region) - The total presentation slides must be only 20
Explain the business problem or opportunity. Analyze why the business problem is important. Identify what variable would be best to measure for this problem and explain why?
If the investment described in Exercise 12 is an individual’s possible weekly compensation and the individual has no control over the outcome, what effort will a risk-averse individual put in? What about a risk-seeking individual?
Your weekly costs to producing q units are given by the following equation: C(q)=7+10q+3.5q2 +q3. With this technology, AC is minimized at approximately q = 1.11. What is the long-run equilibrium price of in this market, given that there are no barri..
about the situations when a differentiation strategy is chosen? Provide specific real world examples.
Suppose a company could produce a high and low qua... Suppose a company could produce a high and low quality good. Each consumer can buy a high quality good (with quality exogenously given as s2), a low-quality good (with quality s1), or no good. Ass..
Consider the Solow model with total factor productivity At constantly growing at rate g>0. Determine the a) instantaneous impact on GDP per capita, instantaneous impact on consumption per capita, long-run impact on GDP per capita (i.e. compare the le..
It would have to pay science teachers $90,000 to hire good science teachers. If one out of five teachers is a science teacher, what is the marginal expense of getting a good science teacher instead of a poor one?
Consider a rancher-farmer economy. Assume that the rancher has no choice over how many cows to raise but either the farmer or the rancher (or both) can build a fence to eliminate the crop damage of $150. However, the costs of installing the fence are..
Free trade will affect a country's employment in different industries. Banks can obtain funds to make loans by borrowing reserves from other banks through the federal funds market. When one individual writes a check to another individual the money su..
A small engineering consulting company has taxable income that places it in the 34% federal income tax bracket and the 10% state incremental tax rate. The company can earn an extra $33,000 on a small job at the end of the tax year. What will be the c..
Diseconomies of scale exist whenever long-run average costs:
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