What are some factors that might affect opportunity cost
What are some factors that might affect the opportunity cost of homemade lunches? How would changes in the opportunity cost affect the strength of the income effect vs. the substitution effect?
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Suppose that an unexpectedly rapid growth in real income abroad leads to a sharp increase in the demand for U.S. exports. What impact will this change have on the price level, output, and employment in the short run in the United States? In the l
That marginal benefits must outweigh marginal costs for you to undertake an activity. Can you still follow the principles of economics, without violating your moral principles? Explain.
If the required rate of return is 20% and taxes are ignored, what is the project's net present value?
a) Compute MRI's amounts for each of the above four taxes as applied to the employee's gross earnings for September under situation (a).
Suppose that at the current price, the price elasticity of demand for a campus film series is 1.40. If the objective of the film society is to maximize its total revenue (price times the number of tickets sold), should it increase or decrease pric
According to the neoclassical theory of distribution, the real wage earned by any worker equals that worker"s marginal productivity. Let"s use this insight to examine the incomes of two groups of workers:
Legal Beagals Inc. is a legal services firm that files incorporation papers for small businesses. They charge $1,000 per application. This year's income statement shows the following:
in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in RD is $37,000. What is Randolph's basis in the distributed inventory and land?
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