Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Trading NFTs has become a huge business! There is a video game called Axie Infinity, where you can win NFTs by playing this video game.
John won 3 NFTs playing this game in July, and at the time they were each worth $65. If he were to sell them, he would have to pay $5 in trading fees. In August, the price of each NFT sky rocketed to $300 each! John was so excited that he figured he should quit his job-where he was making $30 / hour-and instead just play this video game and then sell the NFTs he wins.
John needed to pay his rent for October, so he decided to sell those first three NFTs he won. The price was now only $200 per NFT, and so John was bummed - if only he'd sold in August, he could have made $300 more!
Match the following terms to the following concepts from the situation described above. Note that not all terms might be used and one term might be right for multiple concepts.
Terms
Marginal cost
Sunk cost
Opportunity cost
Fixed cost
Concept from problem
Write in the corresponding term
$5 trading fees
$30 / hour John was making in his original job
$300 more John could have made selling in August
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd