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- tab aps ck Codes of honor, conduct and ethics have their origins in O a) Religion b) Ancient precepts of normative behavior O c) Professions O d) All of the above Q A N 72 W 1 S X #3 E + D 4 C R % 45 T V G B H U 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.Use the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5AMC = 20 + 3A The fifth unit of activity Awill increase net benefits by 75. reduce net benefits by 35. decrease net benefits by 40. increase net benefits by 40. reduce net benefits by 75.4.Explain why opportunity cost is the best forgone alternative and provide examples ofsomeopportunity costs that you have faced today.
- 21. When you make a choice, whatever you give up as a consequence is called a/an a) priduction cost b) rationing method c) opportunity cost d) explicit costWhich of these 4 descriptions is correct?Envision that the territory of South Dakota chooses to put resources into K-12 instruction by taking care of the expense of a Computers for each student. It concludes that it will contribute $15 billion today since it accepts it will result in $22 billion of advantages in 5 years, and an extra $52 billion of every 20 years. Utilizing a rebate pace of 0.05, is the undertaking a Kaldor-Hicks working on one? Should the province of South Dakota seek after the speculation? Do you believe that outcome would change with a rebate pace of 3%? 7%? You don't have to work out these in calculation; simply examine what might almost certainly happen to the end-product.
- Timothy quits his job, which pays $77000 a year, to enroll in a 3-year graduate program. His annual school expenses are $62700 for tuition, $9400 for books, and $1800 for food. What is his opportunity cost of attending the graduate program? What core principles are considered in Timothy's decision making?i) Scarcityii) Cost-Benefit analysisiii)Incentive Principle iv)Diminishing Retuurns5.- What does the economic evaluation consist of?1.Use the marginal analysis technique to determine the quantity of organic coconut oil that will maximize net benefits. Present results in table form and highlight the maximizinglevel. 2. Graphically illustrate letter B. Separate the graphs for TB – TC approach, MB = MC rule, and net benefit (maximum). The sequence of the graph: (1) TB – TC approach (topmost graph); (2) net benefit (middle graph); and (3) MB, MC, & MNB (last, 3rd graph). But be sure that the graphs are parallel in X-axis so as to be consistent in the results. (Label your graphs accordingly and appropriately.)
- 1. In your decision to pursue an MBA degree, which of the following can be considered opportunity cost(s)? a. The cost of books. b. The tuition fees. c. Time that became unavailable for other activities. d. All of the above.Timothy quits his job which pays $59000 a year to enrol in a 3 year degree graduate program. His annual school expenses are $60300 for tuition, $9500 for books and $3000 for food, what is his opportunity cost of attending the graduate program?Intermediate MicroeconomicsProblem Set 10.Submission options:• in person during lectures or TA sessions;• in Xiaoye Liao’s mail box at 19 West 4th, 6th Floor;• (less recommended) e-mail Xiaoye Liao atxl775@nyu.edu– in that case, be sure to use the subject line: “Submission Problem Set 10â€.Exercise 1Consider a game of rock-scissor-paper. There are two players, player 1 and player 2,and the winner receives $1 from the loser (if they draw, nothing happens). They playthis game simultaneously.1. What kind of game is this? Express this game in normal form.2. What are the set of possible actions and strategies?3. Find all Nash equilibria of this game.Exercise 2Consider a game represented by the following payoff matrix. Find all pure strategyNash equilibria. UMD LCR?10, 0 ?10, ?1 ?10, ?1?8, ?8 0, ?102, ?14, 57, ?101, 1 Exercise 3Consider a game represented by the following…
