--%>
Assignment Help - homework help

Estimate relative cost

When SCUBA vacations are $480 and DVDs are $16, in that case what is the relative cost of a SCUBA vacation within terms of a DVD?: (i) 30 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (e) 3,600 disks.

I need a good answer on the topic of Relative Prices. Please give me your suggestion for above problem.

   Related Questions in Public Economics

  • Q : Define cut costs without reducing the

    A firm which could cut costs without reducing the value of its output is experiencing as: (i) Allocative inefficiency. (ii) Productive inefficiency. (iii) Distributive inefficiency. (iv) Technological decline. Can

    		•
  • Q : Illustration of Economic Equilibrium

    After drivers shift among traffic lanes to exit by a crowded airport till this seems reasonable to expect all exit lines to be similarly time-consuming, economists exemplify the result like an illustration of economic: (i) Equilibrium. (ii) Balance. (iii) Tradeoffs. (

    		•
  • Q : Administrative estimations of peoples

    The requirement criterion of distribution usually entails: (1) Greater production incentives than the other systems. (2) Much difficult administrative estimations of people's requirements. (3) Generation of extreme pollution. (4) Dividing national inc

    		•
  • Q : Erroneous analysis LEAST attributable

    The erroneous analysis that economists seldom agree is LEAST attributable to the fact such that economists are: (w) acquire little media coverage while they agree, when disputes about how economic theory must be translated in policy a

    		•
  • Q : Payments for Resources Incorrect

    Incorrect statements would contain the assertion which payments for: (a) The use of land is termed as land rent. (b) Labor is termed as wages. (c) Services are termed as profits. (d) Capital is termed as interest. Hello guys I need

    		•
  • Q : Property rights enforced by government

    In countries where private ownership is a dominant system: (1) Resources are socially owned, with govt. acting as a trustee. (2) Laws concerning the property rights are enforced by government. (3) Monopolization of each productive resource is inevitab

    		•
  • Q : Economic assumption of rationality in

    As per to the economic assumption of rationality: (w) entrepreneurs are usually more rational than employees. (x) consumers often perform in random or erratic ways. (y) people tend to behave in accord along with their goals. (z) people who are rationa

    		•
  • Q : People thinking about invisible hand of

    Adam Smith’s “invisible hand” consider as to a process through which people think: (w) trying to serve their own interests also exploit social well being. (x) rely upon democratic governments to make main economic decisions. (y) base

    		•
  • Q : Requirement of economic efficiency

    Economic efficiency needs which the: (i) Productivity is minimized subject to a specified cost. (ii) Production cost of a specified value of output is minimized. (iii) Cost is maximized subject to an output constraint. (iv) Whole dollar value of outpu

    		•
  • Q : Explained economics capital generally

    Where is generally economic capital referred: (1) Money and other financial assets. (2) Machinery, buildings and equipment. (3) Net investment minus depreciation. (4) Corporate bonds and stocks. Can anybody suggest

    		•