Reference no: EM13176323
1. Economists are fond of saying that there is no free lunch. What concept supports this belief?
2. Name two opportunity costs that may not show up on the income statement of a business?
3. What is the Production Possibilities Curve?
4. How does a society produce at an output level on the PPC?
5. Using the marginal principle, at what level should an activity be undertaken to?
6. For both parties of an exchange to be better off what two conditions must exist?
7. What is the principle of diminishing returns?
8. When would the diminishing return principle not apply?
9. What is inflation?
10. What is the real-nominal principle?
11. How might the real-nominal principle influence your decision to either rent a house for $500 a month or purchase a similar house with a resulting $550 a month house payment for a 30 year fixed rate interest load?
12. Explain the difference in movement along the line of a graph and a shift of the line of a graph.
13. What is the formula for a percentage change of a value (Initial value method)?
14. If the initial value was 50 and the new value is 56, what is the percentage change? (Initial value method)
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How can a company expand its production
: One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
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What quantity graphed versus time yields a straight line
: what quantity graphed versus time yields a straight line for a zero-order reaction and what is the equation for the half life time. b) identify quantity versus time for a first order reaction and equation for half life.
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Calculate the npv of the new machine
: Calculate the NPV of the new machine and explain why it should be accepted or rejected. the companyplans to raise and invest £20,000,000
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Calculate the number ofunits required tobreak even
: Calculate the number ofunits required tobreak even. The finance manager has devised a number ofalternative plans to get the entity back into profitability
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What is the real-nominal principle
: How might the real-nominal principle influence your decision to either rent a house for $500 a month or purchase a similar house with a resulting $550 a month house payment for a 30 year fixed rate interest load? Explain the difference in movemen..
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What is the solute percent by volume
: If the volume of solute is 6 ml and the volume of the solution is 300 ml, what is the solute's percent by volume?
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Applications of supply and demand analysis
: A decrease in demand for the goods and services in the market, and a higher equilibrium price. A decrease in supply and an increase in demand in the market, but we cannot know the direction of the price change without further information
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What mass of aluminum id deposited at the electrode
: If a current of 2.00 ampere is passed for 48 hours, what mass of aluminum id deposited at the electrode? Assume 100% current efficiency.
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Evaluate the amount of sedato company inventory
: Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis - determine the amount of Sedato Company inventory.
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