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You bought a BCS futures ticket for the University of Alabama in May 2012 for $80. Alabama was selected to play in the BCS Championship and you were issued a ticket with a face value of $350. Outside the stadium a leprechaun offers you $2,000 for your ticket. What is the opportunity cost of attending the BCS Championship?
Find the probability that 4 randomly selected people all have the same birthday, given that all of them were born in September. Ignore leap years.
Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. Suppose the weekly rental cost (including ..
Consider the linear production function q=f(K,L)=2L+K. What is the short -run production function given that capital is fixed at K = 100 ? What is the marginal product of labor?
If the firm produces 450 boots, then the firm's total cost is more than $90,000t, true or false?
Does Zara experience disadvantages from its "fast-fashion" allocation system. Are these disadvantages offset by the advantages.
Restructured domestic and External Bonds in Ecuador 1999, Why these developments had a negative effect in Ecuador's debt?
Total revenue is calculated as the quantity of a good or service sold multiplied by its market price. Thus, it is a measure of how much money a company makes from selling its product. The core objective of a firm is maximizing profit.
In a certain kingdom, the demand function for rye bread was q = 381 − 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf...
What are the primary differences between the private and public sector of the economy?
United States and other industrial economies have gone through periods of fluctuations in real GDP, employment, and the price level. Given the current trend of these metrics in the US, how will you describe the stage of the US economy in business cyc..
Supply and Demand in the Cell Phone Market. As wages increase for Apple Workers, what happens to the price and quantity of iphones? As the price of drone phones decrease, what happens to the price and quantity of iphones? If the government taxes cell..
It seems like you're hoping that MNC will help the consumers if the government focuses too much on helping businesses. I think that the United States government has enough rules and regulations for other large corporations to enter our domestic marke..
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