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Question: A friend comes up to you and offers to give you a free ticket to the local professional team's baseball game that night. You decide to attend the game. The game takes five hours and costs you $15 for transportation. If you had not attended the game, you would have worked at your part-time job for $10 an hour. The game was exceptionally exciting and gave you satisfaction about $20 per hour What is the cost to you of attending the game? What is the benefit of attending the game? Should have have gone to the game?
Suppose we were to rede?ne X as the ratio of German CPI to the U.S. CPI. Would that change the sign of X? And why?
Why does a monopoly always operate on the elastic part of the demand curve - Explain why consumers might reject a superior product for an inferior one in a mark
A monopoly has costs described by TC(Q) = 7500 + 20Q. Demand is described by P = 100 - 0.2Q. What is the monopolist's profit-maximizing quantity (Q)?
Industry supply and demand are given by QD = 1000 - 2P and QS = 3P. Determine the equilibrium price and quantity?
1. will increases in government spending financed by borrowing help promote a strong recovery from a severe recession.
Find one article in favor of extending tax cuts for everyone, including the wealthy and then find one article in favor of extending the tax cuts for everyone.
Provide one specific example of guidance that should be considered by a tax professional and enforced in a tax practice
What does these functions tells you about the type of preferences. Also write the real life examples of these preferences.
Identify an argument in favor of conscription and describe the argument and identify another market where this argument is currently being used in favor of the
On their way to their chosen resturant, they see that the Mexican and French resturants are closed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?
What is the total purchase of tennis racquets? Why? What is the consumer surplus? Why? What is the increase in consumer surplus when the market price drops to $ 50?
1. a firm uses two variable inputs labor l and raw materials m with typically shaped isoquants. it pays 20 per hour for
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