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Combination Food Clothing
A 0 4
B 7 3
C 13 2
D 18 1
E 22 0
1. What is the marginal opportunity cost of producing the second unit of clothing?
2. What is the total opportunity cost of producing the second unit of clothing?
3. What is the marginal opportunity cost of producing the third unit of clothing?
4. What is the total opportunity cost of producing the third unit of clothing?
Can anyone recommend a resource for very long term trade data? (1500-2014). I have looked and found bits and pieces here and there but haven't come across any single data-set covering all of it. I am thinking of mashing my own together but I really d..
Assess the role of the Federal Reserve in mitigating the negative impact of the 2008 financial meltdown on the economy.
The GDP price index is A. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last ten years.
As a consequence of a 1976 court case that Ralph Nader won against an airline that had "bumped" him, the federal government adopted a rule requiring airlines to compensate people who were denied boarding despite holding a confirmed reservation.
q1. consider the labor market for health care which initially is in equilibrium. suppose the output price for health
The Fed can reduce the money supply by,
q. 1. suppose at columbia university grade point average gpa and sat scores are related by the conditional expectation
If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?
The law of demand implies that when the price of a good rises, people buy less of it. This makes the demand curve slope monotonically downwards. A textbook exception is the so-called Giffen good that by definition behaves in the opposite way.
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..
Is it ever morally acceptable to use lethal force (ex. pressure cooker bomb) against as civilian who is oppressing you politically and economically but is not life threatening your life? why or why not?
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