--%>

Psychic Income problem

Assume that a few years after graduating, life as an investment banker became very frustrating that you switched careers to work as the professional cat walker, and were happier even although your annual income fell much than 80 percent. Your decreased money income is actually more than offset by rises in yours: (1) Explicit income. (2) Implicit earnings. (3) Psychic income. (4) Opportunity costs. (5) Overhead costs.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Linear demand curves and elasticity

    When price falls and quantity rises along a negatively-sloped linear demand curve: (1) total revenues fall till elasticity equals zero, then this rises. (2) demand is decreasingly price elastic. (3) there is a contrad

  • Q : Profit Maximization in Labor Markets

    Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (1) MR   MC is maximized. (2) VMP = MFC. (3) VMP = MRP. (4) MRP = MFC. (5) VMP = w.

  • Q : Determine the yearly total revenues

    When the U.S. wheat market as in below demonstrated graph is primarily within equilibrium on S0D0, in that case the yearly total revenues (price × quantity) of wheat farmers will equivalent: (1) 0P4gQ4

  • Q : Competitive Resource of Market Supply

    Because resources should be hired away through other uses, the resource supply curves facing a huge and expanding competitive industry are classically: (1) horizontal. (2) U shaped. (3) upward sloping. (4) downward sloping. (5) vertical.Can anyb

  • Q : Deterrent Give me answer of this

    Give me answer of this question. Which one of the following is presently a major deterrent to bank panics in the United States? A) the legal reserve requirement B) the fractional reserve system C) the gold standard D) deposit insurance

  • Q : Demand when coefficient of price

    When the coefficient of price elasticity for eggs is 0.67, in that case the demand for eggs is: (w) relatively elastic. (x) relatively inelastic. (y) an upward sloping demand. (z) a horizontal demand. I need a good

  • Q : Competition between the producers in

    Is there competition between the producers in Canada?

  • Q : Price times quantity in total revenue

    Total revenue equals: (w) price times quantity. (x) marginal revenue times marginal cost. (y) profit per unit of output. (z) total cost minus profit. Please choose the right answer from above...I want your suggesti

  • Q : Price taker and a quantity adjuster

    When the world price for this year’s wheat crop is $10 per bushel, and Del, a profit maximizer one who owns the biggest wheat farm within North Dakota: (i) is a quantity taker and a price adjuster. (ii) cannot generate an economic profit into th

  • Q : Minimum wage laws for unskilled and

    The capability of unskilled workers to compete against skilled workers for jobs tends to be decreased by: (1) progressive income taxes. (2) laws which impose excessive legal minimum wages. (3) speculation and arbitrage. (d) inflationary balance of trade deficits. (5)