An electrician quits her current job, which pays $25,000 per year. She can take a job with another firm for $20,000 per year or work for herself. The opportunity cost of working for herself is
Q: Sofia wants to acquire an apartment that within 4 years will have a value of $310,000,000, for this ...
A: Given information Value of property after 4 years=$310,000,000 Needs money 35% of $310,000,000=$1085...
Q: I'l upvote if it is complete. Thank you
A:
Q: your home is S250000, but the replacement cost of the structure is $190000, how much homeowner's ins...
A: 1. Replacement cost is attached to your home insurance inclusion. Perhaps the main thing to realize ...
Q: 8.6 (LG 8.9, 8.10) Calculate the CTF and CSF for each of the following: a. Tax rate of 50 percent, C...
A: In the mentioned question we have to calculate CTF and CSF. CTF = Capital Tax Factor CSF = Capital ...
Q: III. Find the cost of the basket Year Year 1 Orange 200 Quantity Price Quantity Price Quantity Price...
A: According to the question, it is given that : There are three goods offered in an economy : Oranges...
Q: A shoe store sells 250 pairs of sneakers per month at a per-unit price of $115. This is the price an...
A: Economic profit is the difference between total revenue and total cost. Total cost includes fixed co...
Q: How many Nash equilibria does this game have? hand written plzz
A: We need to look both pure and mixed strategy nash equilibrium.
Q: Question 2 Suppose that an economy has the following average annual growth rates of its real GDP Y, ...
A: Money supply (M) in an economy is equal to the nominal GDP divided by the velocity (V), where nomina...
Q: Consumers with a high willingness to pay enjoy more surplus under a single-price monopoly. are indif...
A: Consumer with high willingness to pay - enjoy more surplus under first degree discrimination
Q: Explain the risk of having too many migrants in a “UNDERDEVELOPED” countries
A: Migrants are the people who are moving to a foreign country for searching or do work. Migrants are m...
Q: More and more global business firms are becoming stateless corporations. Do you think this may benef...
A: The measure that depicts the transfer of goods and services between individuals and entities being i...
Q: Each consumer has the following demand for annual visits to a park is: Q = 100 - P, where Q is the n...
A: Given:Q=100-P MC=$10
Q: A pharmaceutical company has spent $500 million to date working on a blood pressure treatment. It ha...
A: Perpetuity is a security that pays for a limitless measure of time. Perpetuity is a consistent strea...
Q: DaisyCo is an amusement park company using geographical segment pricing to increase profits. It char...
A: Third degree price discrimination refers to the practice of charging different prices to each segmen...
Q: Suppose that Sandy can produce 10 economic reports or make 2 sales calls. Suppose Tim can produce 2 ...
A:
Q: Because there isn't one single measure of inflation, the government and researchers use a variety of...
A: CPI and GDP deflators will be examined in the ensuing discussion. While the GDP deflator considers t...
Q: •Suppose demand is Q = 100 – 2P •a.) Calculate the price elasticity of demand at P = $5. •b.) Calcul...
A: There are many different ways to define elasticity. Still, the most frequent definition is a measure...
Q: In the following scenarios, you will be given a product and an event. Determine what will happen to ...
A: There are various non price determinant that causes to shift the demand curve: Income of the Consum...
Q: Each consumer has the following demand for annual visits to Planet Fitness: Q= 100 - P, where Q is t...
A:
Q: Which of the following is TRUE about tariffs? Question options: Tariffs cause imported product ...
A: A tariff is an expense required by legislatures on the worth including cargo and protection of impor...
Q: Suppose a monopoly can sell 1 unit for $20, or 2 units for $15 each. What is the marginal revenue...
A: Marginal revenue depicts the extra complete revenue created by expanding item deals by 1 unit.
Q: f the quantity of money demanded is greater than the quantity supplied, then in the short run the .....
A: The curve that depicts various quantities of goods and services being demanded by individuals at dif...
Q: A consumer is faced with the following utility function, U(x1 x2)=(xp1 1+xp2)1/p, where 0<p<1. The c...
A:
Q: Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand giv...
A: Given : Eyeglasslux is the single price monopolist in eye glass frame market. Marginal Cost = 61
Q: Ecotripper Enterprises is the sole producer of Sunblast solar-powered skateboards, “The green alter...
A: Given, Demand function, P=120-0.5Q, Total costs, TC=100+20Q, and Marginal cost, MC = 20. a.) Total r...
Q: Draw and carefully label the Euro-U.S. dollar foreign exchange graph. You must use the Euro/US $ exc...
A: An unexpected increase in the US inflation rate relative to the Euro Area will lead to depreciation ...
Q: 18) Which of the following options best describes tax incidence? A) It equals to the loss in the soc...
A: Imposition of tax results in decrease in social surplus as socially efficient quantity is not produc...
Q: Which situation describes when mutually beneficial trade occurs? Question options: Coun...
A: Mutually beneficial trade, in the international market, refers to a scenario in which both trading c...
Q: he following graph shows the daily market for medium cardboard boxes in San Diego. (? 20 Demand 18 S...
A: The correct answer is given in the second step.
Q: identify and explain the economic theory about the costs and benefits of inflation?
A: The situation that depicts the general increase in the level of goods and services during a period o...
Q: 4 In Bangladesh, we are expecting that the price of food items will increase after a few weeks in Ra...
A: Demand and supply are two important concepts in economics used to determine the equilibrium price an...
Q: If the cross-price elasticity between the price of good A and the demand for good B is zero, this im...
A: Cross price elasticity measures the responsiveness of quantity demanded of good1 with respect to cha...
Q: 1. What cuve connects A,B and C 2. Is good 1/2 a gross compliment/gross substitute to good 1/2 (Pic...
A: Here in the above diagram, the straight line shows the budget constraint of the consumer. The curve ...
Q: A shoe store sells 250 pairs of sneakers per month at a per-unit price of $115. This is the price an...
A: Firm will maximise profit at a point where marginal revenue is equal to marginal cost.
Q: •Suppose demand is Q = 100 – 2P •a.) Calculate the price elasticity of demand at P = $5. •b.) Calcul...
A: Given, Demand function, Q = 100-2P The price elasticity of demand can be derived as: ε=dQdP×PQP a) W...
Q: 3 Which of the following statements is /are incorrect in explaining the difference between M1, M2, ...
A: In an economy, the measurement of the money supply is M1, M2, and M3. These are also known as money ...
Q: Which statement about externalities is wrong? O Markets are typically not efficient in dealing with ...
A: Externality creates benefit or loss to third party who is not directly involved in the transaction.
Q: All people who have equivalent formal education earn similar incomes." Do you agree or disagree with...
A: Equivalent formal education The term formal education refers to an organized and uniform education s...
Q: What best describes the long run? a period of time that labor can change a period longer than six mo...
A: The long run is a span of time during which all production parameters and costs are subject to chang...
Q: E. DISCUSS HOW THE “STAGES OF GROWTH FRAMEWORK EXPLAINS ECONOMIC STRUCTURAL CHANGE.
A: In an economy, stages of growth framework include the stage of startup to growth, maturity and then ...
Q: Explain specifictly how to overcome and solve the major problem of Mcdonal's company from polluting ...
A: There are two crucial categories of business cycles which are inflation and recession. At the time o...
Q: The college graduates of 2000 could hardly have asked for better luck. The unemployment rate dropped...
A: Unemployment is defined as the state of not having a job. Unemployment is the number of people in th...
Q: How can the EverGrande housing scandal in China impact on Caribbean economic affairs. Use the IS/LM/...
A: Evergrande is a massive — and severely indebted — Chinese private-sector property developer and home...
Q: A firm has $200 million in total revenue and explicit costs of $190 million. Suppose its owners have...
A: Opportunity cost =10% of $100=$10 Economic profit =total revenue - total cost(explicit + implicit) ...
Q: Using shifts in supply and demand curves, describe a change in the industry in which your firm opera...
A: While demand makes sense of the shopper side of buying choices, supply connects with the vender's lo...
Q: Solve the following (i) |10–3x|517
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...
Q: Shift the demand curve, the supply curve, or both on the following graph to illustrate both the shor...
A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity d...
Q: B.4. a) Given a production function relating labour input to output, show diagrammatically the impac...
A: a) Given a production function relating labour input to output, show diagrammatically the impact of ...
Q: 1a) A monopolist maximizes profit by maximizing price. True False 1b) In the in an advertising "p...
A: 1a) A monopolist maximizes profit by maximizing price. True False Explanation:- False, A monop...
Q: Define and explain the importance of three concepts. Inflation Targeting Federal Open Market Committ...
A: When talking about economic stability, there are various tools used by the government in terms of fi...
I am confused between 20,000 and 25,000
Step by step
Solved in 2 steps
- Suppose your retired grandmother has complainedof boredom and is considering taking a part-timejob. Use the concept of opportunity cost to adviseyour grandmother how to decide whether to takethe jobIf summer work for 12 hours and get paid 11 dollars an hour how much will she get paid in a week?Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job andbecome a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurancecosts him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are$191,000. Based on this information, what were his economic costs as a freelance witcher?
- S Assume you graduate from college with an accounting degree and take a job that pays $50,000 per year. You have an opportunity to enroll in a one-year full-time MBA program. Which of the following should NOT be included as the opportunity cost of attending the MBA program? the retirement benefits you will lose if you quit your job to pursue the MBA the cost of tuition and fees if you were to enroll in the MBA program O the $75,000 salary that you expect to earn after completing your MBA O the $50,000 salary that you could have earned if you kept your jobExplain the relevant of using the concept of opportunity cost in work environmentLet's say you stay in Blacksburg over the summer and work for $10/hr. Once classes start in the fall, you quit. Why? O you no longer need money. O the opportunity cost of leisure went up. O the opportunity cost of labor went up. O you moved down your labor supply curve.
- Use the information provided in the table below to answer the question that follows. Inputs Required to Produce a Product Using Alternative Technologies Technology Units of Capital Number of Employees 16 8 12 12 8 20 24 If the hourly wage rate is $10 and the hourly price of capital is $50, which production technology should be selected? OA. A B. B OC. C O D. D ABCD 6 Question ViewerThe company that you manage has invested$5 million in developing a new product, butthe development is not quite finished. At arecent meeting, your salespeople report that theintroduction of competing products has reduced theexpected sales of your new product to $3 million. Ifit would cost $1 million to finish development andmake the product, should you go ahead and do so?What is the most that you should pay to completedevelopment?Suppose you run a flower-delivery business andemploy college students to drive the vans and makedeliveries. You are considering hiring an additionalworker. What information would you need toknow to decide whether doing so would increaseor decrease your profit?
- How can government assist resource-poor poultry farmers in acquiring broiler advancements technology which are feeding system and drinking system?Need help working this soloution. thnxWhat are the benefits of being a professional salesperson?What are the typical career paths for fresh graduates? Whatare the differences between traditional selling approachand contemporary selling approach?