Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each. What is the opportunity cost of one more Bag of Peanuts? (Write your answer in numeric form no decimals for example 5)
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By raising or lowering the ______, the Fed changes the cost…
By raising or lowering the ______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.
True or False. The financial crisis of 2007 and 2008 occurr…
True or False. The financial crisis of 2007 and 2008 occurred because bank were willing to give out more sub prime loans knowing the risk was less due to the secularization of loans occurring at this time.
Printers laid off due to drop in demand for printed catalogu…
Printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. What type of unemployment occurred?
Select all that apply. Which approache(s) can be used to ma…
Select all that apply. Which approache(s) can be used to maximize profit for a perfectly competitive firm?
True or False. The financial crisis of 2007 and 2008 occurr…
True or False. The financial crisis of 2007 and 2008 occurred because bank were willing to give out more sub prime loans knowing the risk was less due to the secularization of loans occurring at this time.
There are two policy tools that can be used to fine tune the…
There are two policy tools that can be used to fine tune the economy and achieve macro economics goals of low inflation, low unemployment and economic growth. These tools are entitled fiscal policy and monetary policy. Mark all items that apply to fiscal policy.
By raising or lowering the ______, the Fed changes the cost…
By raising or lowering the ______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.
The supply and demand conditions for a firm are given in tab…
The supply and demand conditions for a firm are given in table below. Identify the equilibrium price after the social cost of production is included. Enter your answer as a numeric value no dollar sign e.g. 600. Price Quantity Demanded Quantity Supplied before Considering Pollution Cost Quantity Supplied after Considering Pollution Cost $100 500 275 200 $200 475 300 225 $300 425 325 250 $400 400 350 275 $500 375 375 300 $600 325 400 325 $700 300 425 350
Increase in the price of crude oil, increases or decreases t…
Increase in the price of crude oil, increases or decreases the supply of gasoline?