Billie's Billiard Barn has seen its business slow down ever since​ Patti's Ping Pong Parlour opened up across the street. Since the opening of​ Patti's Ping Pong​ Palace, the opportunity cost of shooting pool at​ Billie's Billiard Barn has   A. decreased.   B. increased.   C. not changed.   D. fallen to zero.

Suppose Michelle owns a women's clothing boutique. Each year, her total revenue is $300,000 and her explicit costs are $160,000. In addition, Michelle estimates that the opportunity cost of the resources she puts into her business is $90,000 per year. What is Michelle's economic Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Under the kinked demand curve model, an increase in marginal cost will lead to:   A. An increase in output level and an increase in price. B. Neither a change in output level nor a change in price. C. A decrease in output level and no change in price. D. A decrease in output level and an increase in price. E. An increase in output level and a decrease in price.

PC/PW < aLC/aLW What the reasoning/meaning behind the idea on how the economy will specialize in the production of cheese if the relative price of cheeses exceeds its opportunity cost?

The table given below reports the value of sales at each stage of production of an economics book.Table 5.1 The Production of an Economics Book Production Stage Sales Value Purchase of Timber $1.25 Processing of Timber into Paper $7.75 Printing $24.50 Retail Sales of Economics Book $38.00   Refer to Table 5.1. Compute the market price of an economics book. Group of answer choices $38 $7.75 $13.50 $71.50 $24.50

13 sellers and 13 buyers are each willing to buy or sell one unit of a good, with values {$13, $12, $11, $10, $9, $8, $7, $6, $5, $4, $3, $2, $1}. If the market is competitive but the cost of market-making is $4 per transaction, the equilibrium quantity traded in the market is a. 4 b. 7 c. 9 d. 5.

Q4. Create your own question for profit maximization. Provide the price of products K & L and the assume that they are fixed. a. Create an example that ends up using less K to maximize profit by providing relevant MPK and MPL levels. Explanation: b. Create an example that ends up consuming less L to maximize profit by providing relevant MPK and MPL levels. Explanation:

Economics: Labor Economics Question: 1 If unskilled labor and robotics are substitutes in production a decrease in the price of robotics is predicted to a. decrease the demand for unskilled labor if the scale effect outweighs the substitution effect. b. decrease the demand for unskilled labor if the substitution effect outweighs the scale effect. c. unambiguously increase the demand for unskilled labor. d. unambiguously decrease the demand for unskilled labor.   Question: 2 Assuming capital is fixed in the short run and variable in the long run what would likely happen to wages in the short and long run following a wave of immigration? a. a large decrease in the short run, followed by a smaller decrease in the long run b. a small decrease in the short run followed by a larger decrease in the long run c. an increase in the short run followed by a large decrease in the long run d. a decrease in the short run followed by an increase in the long run   Question: 3 Which of the following…

Imagine an economy that only produces burgers. Kathleen is the queen of that economy and she has a grill which sells for $2000 dollars, 5 fryers for $500 each, 200 lbs of potatoes which costs $1/lb, 50 gallons of oil priced at $2/gallon, 200lbs of beef which costs $3/pound, 600 burger buns which costs $1/bun, 600 slices of cheese $0.20/slice and 20 lbs of condiments at $1/lb. She sells a total of 600 burgers at $10/burger and 600 bags of fries at $3/bag. Assume that, that is all the transaction she did for the year 2021. What is the GDP of this economy? $ 6140 $12300 $11650 $13940

Wine A B F E с Bread D Refer to Figure 2-1. The most inefficient point depicted is: Point A Point C Point E Point G