Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campusCCparking lot.ofO a. The cost of the parking permit is not part of the opportunity cost of attending college under anycircumstances.O b. Only half of the cost of the parking permit is part of the opportunity cost of attending college.O c. The cost of the parking permit is not part of the opportunity cost of attending college if you would nothave to pay for parking otherwise.d. The cost of the parking permit is part of the opportunity cost of attending college if you would not haveto pay for parking otherwise. Which of the following is a macroeconomics question?Select one:a. Why does a firm decide to enter a particular market?Ob. Should the government put a tax on alcohol in an attempt to reduce highway fatalities?O c. Should the government prevent the merger of two large firms?Od. Should we have a constitutional amendment to balance the federal budget?

It is given that college comes with a new policy requiring you to pay for a permit to park your car…

Answered: Suppose your college instituteş a new…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

Your neighborhood pizza restaurant has a deal: Pay $3 at the door, and eat as much pizza as you want for lunch. What is the marginal cost of eating your second slice of pizza? O $1.5 O Impossible to say if we don't know how many slices you eat in total. O so O $3
Suppose you are considering whether to spend an additional hour studying for your economics midterm tomorrow. If you do not study you can either surf the web, which you value at $5, or you can talk to your roommate, which you value at $4. Your opportunity cost of studying for an additional hour is: O $4 O $9 O $5 O $1
Use the cause-and-effect chart to answer the question. Cause Effect Technology allows the transfer of goods and services through the use of computers. Which of the following best completes the chart? O A. E-commerce is slow and frustrating, so people still prefer to shop in stores. B. E-commerce is a large and growing sector of the global economy. C. E-commerce is dangerous to consumers and requires heavy regulation. D. E-commerce has failed to connect producers and consumers all over the world. wered pe here to search F6 F7 F8 F9 F10 F11 F2 F3 F4 F5 & %23 3 4. 7 60 立
John is thinking about going to the movies tonight . A ticket costs $ 9 and he will have to cancel his baby - sitting job that pays $ 20 . The total opportunity cost of seeing the movie is O A ) $9 O B ) $29 O C ) Indeterminate O D ) $ 29 minus the benefit of seeing the movie
Allison has a golden goose that will lay an egg every year until forever. The first egg will be out next year, and each egg is worth $500. Allison's friend, Eric, offers a price to buy the golden goose from Allison today. The interest rate is 10%. From the cost-benefit analysis, under which of the following offers would Allison be willing to sell the goose to Eric? O A $4,500 B. $5.500 C. Allison would want to sell it to Eric with both $4,500 and $5.500. D. Allison wouldn't want to sell it anyway since the eggs would be laid out forever.
You can sleep in or you can go to your early morning class. You have an incentive to sleep in if O A. the marginal benefit from sleeping in is greater than the marginal cost of sleeping in OB. no tradeoff occurs by sleeping in OC. the marginal benefit from going to your early morning class is less than the marginal benefit from sleeping in D. the marginal benefit from sleeping in is greater than the marginal cost of going to your early morning class
In economics, normative statements are about Select one: O a. the way things are. O b. the way things ought to be. Oc. marginal benefits, not marginal costs. O d. marginal costs, not marginal benefits. The production possibilities frontier bows outward because Select one: O a. opportunity costs are decreasing as the production of a good increases. O b. resources are of uniform quality. Oc. opportunity costs are increasing as the production of a good increases. O d. opportunity costs are fixed as the production of a good increases.
Opportunity cost can be measured as the: Select one: O a. Increase in the quantity produced of one good divided by the decrease in the quantity produced of another good as we move along the production possibilities frontier. b. Decrease in the quantity produced of one good divided by the increase in the quantity produced of another good as we move along the production possibilities frontier. c. Increase in the quantity produced of one good as we move along the production possibilities frontier. d. Decrease in the quantity produced of one good as we move along the production possibilities frontier.
1. Google provides Gmail users with 15GB of "free" storage. Is it really free? If not, what are the costs and who pays them? 2. Theoretically, users who reach their limit also have a third option: they can switch to a different email provider. Why might people be unwilling to do that? 3. Consider the opportunity cost of users' time associated with spending several hours to delete thousands of emails. If a user is willing to spend 2 hours per week deleting emails to avoid spending $2 per month for storage, what does that say about the value a user places on their leisure time? Is that rational?
If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester, then your opportunity cost of attending college this semester is a. $28,750. O b. $22,000. O c. $22,150. O d. $36,750.
Which of the following would shift an economy's production possibilities curve to the left? Select one: O a. the country discovers a new energy source O b. dramatic increases in economic growth O c. a major increase in the number of people in the labour force O d. an increase in the retirement age O e. the country experiences a major natural disaster affecting its capital goods
Question 17 Refer to this figure: Burgers 6543210 TTTTTO 0 B C Budget: $10 Burgers: $2 Bus Tickets: 50 cents D 12 Bus Tickets E 16 F 20 24 So if you want to determine the opportunity cost of Bus Tickets: O You would divide the price of bus tickets by the price of burgers O You would divide the budget by the price of bus tickets O You would divide the price of burgers by the price of bus tickets O No answer text provided. O You would divide the price of bus tickets by the budget

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