PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
7th Edition
ISBN: 9781264088980
Author: Frank
Publisher: MCG
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Chapter 1, Problem 4P
To determine
Explain the
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Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value both when they are bought and when they are sold. Think about your decision to buy the textbook for this course. You paid $200 for the book, but you would have been willing to pay $450 to use the book for the semester. Suppose that at the end of the semester you could keep your textbook or sell it back to the bookstore. Once you have completed the course, the book is worth only $70 to you. The bookstore will pay you 50% of the original $200.
Ahmed is considering his plans for the coming weekend. He is currently
working as a marketing specialist in a big advertising company. He normally
spends the weekend with family but this weekend he is thinking of going on
a camping trip that would cost him about $1,900. At the same time, his
manager asked him whether he can help during the weekend and the
company will be willing to pay him an overtime bonus of $1,000. If Ahmed
goes on the camping trip, he can manage to provide a number of quick
consultancy services that would earn him around $2,500. If Ahmed decided
to go on the camping trip what would be the incremental cost of that
decision ($)?
a.
None of the given answerS
O b. 1,000
O c.
2,500
O d. 1,900
O e.
600
Type out the correct answer ASAP with proper explanation of it .
Suppose that in your first year of college you spend $33,600.00 more than you earn. In your second year, your expenses increase a bit, leading you to spend $34,300.00 more than you earn. This gap goes to $35,030.00 in your third year of college, then falls a bit to $35,030.00 in your fourth and final year.
What is your deficit in your third year of college? $ $
How much debt do you have that year? $ $
Will give you thumbs up only for the correct answer. Thank you.
Chapter 1 Solutions
PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
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