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Consider the market for pizza. When demand decreases and supply increases, the equilibrium price ________ and the equilibrium quantity ________.

You win $100 in a basketball pool. You have a choice between spending the money now and putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the $100 now?  

Questions 9 to 12 refer to the following production possibilities frontier of a country. Possibility Robots Pizza A 0 40 B 1 39 C 2 37 D 3 34 E 4 30 F 5 20 G 6 0 In possibility A, how many resources are devoted to the production of pizza?

Calculate total revenue when price increases from $5.50 to $7. Did it increase or decrease? Using the concept of the price elasticity of demand, explain why.

Point A can be described as  

Suppose the country is producing at point D.  What is the opportunity cost of increasing the production of rice to 15 tons?

Figure A below is the step-shaped demand curve for printers and Figure B is the step-shaped supply curve for printers. If a printer is offered for free, then consumer surplus amounts to_____. If the price of a printer is $600, then producer surplus is_____.  

John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third read a novel, and fourth clean the house garage. What is the opportunity cost of attending the concert for John?

Consider the diagram below:   What processes are responsible for the formation and preservation for the space charge region?

Using the diagram below, determine the most likely positions to find an electron in n=1. Be sure to give your answer in terms of ‘a’, the length of the potential well. How do these position probabilities change for n=2?