What is the cost of your one year education from the eye of an accountant and eye of an economist?

Q: Should grades in an economics class be 'rationed' according to dollar price instead of how well a…

A: Rationing is such a condition where restrictions are imposed on demand of a good for the purpose of…

Q: Which of the following concepts is NOT a basic assumption of economics? a. scarcity b. demand for…

A: Economics is a vast area of study that deals with various agendas, models, theories, rationales, and…

Q: What is transaction cost economics?

A: Transaction costs plays an important role in the net returns of an investment. Therefore, the…

Q: Normative analysis can best be shortened to ___________, while positive analysis is best shortened…

A: Answer: Introduction: It is clear that normative analysis, often known as normative economics, is…

Q: What are three important themes in microeconomics

A: Microeconomics studies the behavior of Consumers, firms and workers as well as how the markets are…

Q: Explain why economics is so cool

A: Economics is a study of human behavior that helps to understand how individuals satisfy their…

Q: How would an economist define the efficient amount of time studying?

A: Marginal cost (MC): The marginal cost refers to the amount of additional costs incurred in the…

Q: Why is Managerial Economics relevant to you as a student?

A: Managerial economics refers to the analysis or study of economic condition and to make planning to…

Q: Michelle owns an independent bookstore and has observed that college graduates read more than people…

A: Here Michelle is just trying to take some advantage of the situation by attracting them through…

Q: What is managerial economics?

A: Economics is the science that studies the human behavior with respect to the scarce resources having…

Q: In general, managerial economics refers to the integration of economic theory with business: (A)…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: In 1989 the Chrysler Corporation released figures showing that its employee health care costs were…

A: Competitive-advantage is the ability of a country/company/firm to out-perform its competitors and it…

Q: Discuss ONE idea from the course so far that you find most interesting and actually useful in real…

A: Microeconomics is the study of principles of economics that apply to the behavior of individuals…

Q: WHO IS THE FATHER OF THE MODERN ECONOMICS

A: Economics is the study of social activities in which people interact with each other to make…

Q: Can someone type a paragraph in a document approximately 350-450 words about 'technology and…

A: Technology, in economics, refers to the changes in the production process in the manner which…

Q: what does reading shakespeare or dostoevsky add to an economics student?

A: The book by David Hawkes titled Shakspeare and economics explains the economic thoughts that…

Q: Identify each of the following topics as being part of microeconomics or macroeconomics: the degree…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: TRUE / FALSE Question: Specify below whether the expression in the question is true or false. The…

A: Opportunity cost refers to the change in total cost due to producing one more unit of a goods.

Q: What is the Opportunity cost to this student for the additional amount of study time on economics…

A: The opportunity cost refers to the opportunity that has been foregone to select the best…

Q: Which of the following is an example of a microeconomic issue? A.  The unemployment rate is…

A: Individual economic units are studied in microeconomics. Macroeconomics is an economics branch that…

Q: Why should the economic decision be based on the objective of making the best use of limited…

A: Economic decisions are the decisions by economic agents in order to sort out problems related to…

Q: What is meant by economizing of resources?

A: In our economy, we are not having unlimited resources. The resources are limited in nature and thus…

Q: What are the advantages of a market economy as compared to a command economy

A: Market economy is a type of economy in which the private businesses control economic matters.…

Q: these multiple choice Questions from MACROECONOMICS Course. I need the final answer,please.

A: 62) Consumption function (C=a+bYd)  C=1100 + 0.6Yd

Q: What are Opportunity Costs? How is it different from Cost Benefits? (2 PAGES)

A: A producer's expenditure on factor and non-factor inputs for a specific amount of production of a…

Q: identify each of the following topics as being part of microeconomics or macroeconomics: the effect…

A: MICROECONOMICS- microeconomics implies the study of the aspect of the economy at the individual…

Q: characteristics of a goal location of microeconomics business concept

A: Microeconomics: Microeconomics is a part of financial matters that review people and firms' conduct…

Q: Is Economics an Administrative Science?

A: Science is an art that depicts the logical reasoning behind subjects and topics.

Q: How does the learning curve positively affect a person in their college studies. Does this achieve…

A: Learning curve is positively affecting the college studies and not leads to diminishing return.

Q: What is meant by flexibility in economic terms?

A: Meaning of Economics: The term economics refers to the situation under which there remains…

Q: Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know…

A: To find : Year of publish.

Q: This multiple choice question from MACROECONOMICS course. just write for me the final answer.

A: Unemployment rate refers to the rate of total unemployed group of any country.

Q: Choose a simple economic term and explain it.

A: Opportunity cost It is the best alternative foregone.

Q: What does it mean to think like an economist?

A: Economist think by considering relevant facts about an economy.Different factors such as…

Q: Describe how Microeconomics evolved since 1930.

A: Microeconomics is the study of individual behavior regarding the allocation of resources in the…

Q: what first sink in your mind when we call applied economics

A: In an economy, the study of economics is further classified into parts such as public economics,…

Q: Does microeconomics have a greater impact than macroeconomics on the farm manager. Explain?

A: Economics is a social science that primarily focuses on the production, consumption, and…

Q: What are factors affecting economic analysis?

A: A study of the economic system can be defined as an economic analysis. The economic analysis helps…

Q: In your own words, why isn't the cost of producing a product sufficient to predict its market price?

A: The production cost directly impact the price charged for a good or service. As production costs…

Q: What does it mean to be a philosopher

A: A philosopher is an individual who offers view on profound questions in ethics, logic, metaphysics…

Q: The statistical institution in your country project a 22.5% increase in the number of workers in the…

A: In economics, various variables are used to describe the economic condition and the connection…

Q: Consider the following grading system for a hypothetical economics class: At the end of the semester…

A: Economic System can be defined as the method used by the society for the production and distribution…

Q: What are the major course learning outcomes from studying a microeconomics course?

A: Microeconomics is the discipline of economics that investigates the economy on individual and…