my has only $50 to spend for her weekend entertainment. She can go to a college football game for $50, or she can go to the movies for $10. Explain the problem of scarcity and choice in this context. What will Amy consider as she decides whether to go to the football game or the movie

Q: The cost of employer-sponsored health care benefits are expected to approach $16,800 per employee ne...

A: Opportunity cost refers to the next available option that would have been chose in the absence of th...

Q: What is the pront hiring workers whose wages exceed the added production? WHat wages are value of th...

A: At market  equilibrium demand and supply are  equal at certain wage rate. And minimum wage rate is t...

Q: What term accurately describes demand when the quantity demanded is very

A: Elastic

Q: What are the money markets and what are the capital markets? How do they differ? What are their resp...

A: Money market: 1)Money market is a short-term market where instruements like commercial papers, trea...

Q: What is the IRR in the following cash flow? Year End 3 4 Cash Flow 1,800 -6,000 1,800 1,800 1,800 1,...

A: Here we calculate the value of IRR of the given cash flow by using the given information and choose ...

Q: Determine if the following statement is normative or positive: Americans should have access to food,...

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining econ...

Q: Deshaun invested his savings in two investment funds. The amount he invested in Fund A was 3 times a...

A: Profit is the difference between revenue and cost . Or in the others words it is a return on investm...

Q: A new engine was installed by a textile plant at a cost of P300,000 and projected to have a useful l...

A: Given: Initial Cost=P 300000 Life=15 years End of life cost=P 1000 Annual cost of pavement=5%

Q: Demand is inelastic if a. the price elasticity of demand is less than 1. b. a large change in quanti...

A: Elasticity is defined as the responsiveness or sensitiveness on the demand if the factor influencing...

Q: How did the information revolution affect modern society?

A: Information revolution led to the age of the internet where optical networks of communication play a...

Q: FIGURE 2-10 Apples (bushels) Refer to Figure 2-10. What movement along the production possibilities ...

A:

Q: eferences can be represented by the utility function 1 u(x, y) : x +2/y. = - 2 me Zack has income m ...

A: The equilibrium is set up where the slope of indifference curve is equal to the slope of budget line...

Q: The interest rate in Eastlandia is 15% and the interest rate in USA is 11%. If the exchange rate of ...

A: Interest rate in Eastlandia = 15% Interest rate in USA  = 11% Depreciates  =3%

Q: Discuss in detail the effects of the following factors on the position of IS curve - 4-Taxes; 5-tech...

A: An IS curve is a curve that helps to determine the level of interest rate and output in an economy. ...

Q: If the Fed raises the federal funds rate so that the exchange rate rises, then imports ________ and ...

A: The value of a currency relative to the currency of associate other country or economic zone is thou...

Q: Suppose, the people in country X consumes good A, good B, and good C. In 2020, 17 units of good A wa...

A: Consumption expenditure includes all the consumption of goods and services within the country whethe...

Q: please solve with formulas like (F/P, 5% , n) not with the excell. A.3. A sanitary sewer can be cons...

A: Introduction: The minimum acceptable rate of return, also known as the hurdle rate, is the lowest ra...

Q: Question 8 Total Utility Oranges Marginal Utility Total Utility Oranges Marginal Utility Lemons Quan...

A: Marginal utility refers to an additional utility with one more unit of good or service consumed.

Q: Why aren't more resources being allocated to sufficient prudential oversight of the financial system...

A: Countries where there are more working women, quantity of workers is more.  People who are working o...

Q: An individual who has a job but has been temporarily absent, with or without pay, is classified as  ...

A: In an economy, there are different types of unemployment and an individual is classified as employed...

Q: Pizzas are less expensive than they used to be. Draw the two different graphs, shifting D or S, whic...

A: The Price is decided by the intersection of demand and supply forces. Any change in either demand or...

Q: Supply of construction workers in a small town is given by Qs = 4W- 20, and demand for construction ...

A: Given information: Qs = 4W- 20 (Supply of construction worker) Qd 100-2W (demand for construction wo...

Q: 2. Suppose that Canada and Nigeria each produce similar cars, which are traded internationally. The ...

A: Part a: Market Exchange Rate is 1 Canadian Dollar = 304.88 Nigerian Naira

Q: the delimitations? Delimitations are influences that the researcher cannot control. Delimitations ar...

A: ANSWER 11) d) delimitation refers to the shortcomings , conditions or influences that cannot be cont...

Q: The availability of Big Data in real time reflects its O A. variety B. none of these C. volume D. ve...

A: Gathering information from relevant sources requires efforts because researchers generally gets raw ...

Q: The demand for apples is more price-elastic than the demand for fruit as a whole. This is best expla...

A: The answer is - C.  There are more substitutes for apples than for fruit as a whole.

Q: A flood control pumping station is being designed. Three possible pumping scheme are proposed and th...

A: Given that; First, using the annuity factor (or capital recovery factor), convert the cost of insta...

Q: 1) Consider the following demand and supply equations for sugar: Qd=1,000-1,000PQd=1,000-1,000P Qs=8...

A: Here we calculate the following equilibrium price and quantity and effect of subsidy on quantity sup...

Q: If the U.S. interest rate rises, the exchange rate value of the dollar ________ and net exports ____...

A: Net exports, the difference between exports and imports depend on exchange rate. Appreciation reduce...

Q: Suppose two Cournot firms selling identical products attempt to collude, calculate the profit to be ...

A: Let's assume there are two firms, i.e., Firm A and firm B Qa -> quantity of firm A Qb -> quant...

Q: Suppose that the production function takes on the following form: Q = E$K} || If Capital is equal to...

A: Given information Production function Q=E1/3K1/3 E is labor  K is capital Capital is given = 64 P=pr...

Q: Y = F(K, L) = AKªL^-« %3D A = 1, K = 3000, L = 9000 a = 0.6 |= |(r) = 1200 – 10r %3D C = C (Y-T) = 0...

A: a. Y=AKαL1-αY=1 x 30000.6 x 9000(1-0.6)Y=4647.44Now,Y=C+I+G4647.44=0.75(4647.44-800)+1200-10r+600464...

Q: Wheat 300 200 100 100 200 300 400 Soybeans Refer to Figure 2-7. In order to move from Point C to Poi...

A: Opportunity cost refers to the additional cost or foregone income of an individual or firm when choo...

Q: The graph shows the demand curve for wallets and the market price of a wallet. Price (dollars per wa...

A: Answer -

Q: struct a pipeline from a major lake some distance away. Construction would start at the beginning of...

A:

Q: Question 9 0/ 10 A computer printer sells for $376 after a 12% discount. What was its original (list...

A: Computer printer sells for $376 after 12% discount. Hence the original price = 376+12%              ...

Q: choices for the highlighted question is  4 sandwiches, 11sandwiches ,15 sandwiches ,18 sandwiches ...

A: A marginal product is an additional unit of input employed. it can be calculated by a change in outp...

Q: What condition should be met in order for the consumer to maximize satisfaction in the consumption o...

A: Consumer Utility Maximisation - Utility maximisation is an important concept in microeconomics. It s...

Q: In what kind of industries does a localization strategy make sense? Why? When does a global standard...

A: localization strategy is possible in markets there are difference in preferences and tastes and ther...

Q: Which of the following is true of an economy’s production possibilities curve? a. It shows the comb...

A: Production possibility curve is also called production possibility frontier. 

Q: Ceteris paribus, if the market demand for a product increases, what will happen to the equilibrium q...

A: Let's assume the simple market demand and market supply graph shown below.

Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...

A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel

Q: Compare and contrast natural resources and natural capital

A: Resources: An asset is an actual material that people need and worth like land, air, and water. Asse...

Q: What would the government budget balance be equal to? $ trillion.

A: GDP is the sum of consumption, investment and government spending. When government spending exceeds ...

Q: B's profit B invests B does not invest 100 80 100 -40 -40 10 80 10 Which of the following statements...

A: A Nash Equilibrium is such an outcome from which neither of the players have any incentive to deviat...

Q: a) State two advantages of the "orthogonal least square (OLS)' method in respect to the "forward sel...

A: This chapter is related to linear equation. It is attractive because it is simple and easy to handle...

Q: 7. The number of discouraged unemployed workers rose to 506,400, 2 ½ times as many as in the previou...

A:

Q: Imagine that you are faced with the following three public projects, each of which costs $3000. Plea...

A: Given: Discount rate=12%  

Q: Your firm has determined they use the following production function: q = E°K Assume the current wage...

A:

Q: A business model explains: Select one: O a. How the organization creates value O. b. How the organiz...

A: We show that Entrepreneurs need to develop and àdapt their business model as they seek clarity about...