Economics of Enterprise Answers

rachel works as a carpenter and earns 22 per hour . she has a dentist appointment which wii take 3 hours . she must take a taxi for 15 each way to and from the appointment , and the dentist charge 120 for the chekup . calculate the opportunity cost for rachel to go the dentist . in your answer , define opportunity cost ?

difference between trade deficit and foreign debt.

What is the most common material resource?

If a business increases the price of its product by $57.01 to $60.56 and still increases its unit sales from 78956 to 99850 how much would unit sales increase for every 1% decrease in price.

How would private ownership of a certain creature/item protect it from destruction?

To protect consumers from potentially dangerous manufactured goods, the U.S. government is most likely to use which kind of trade barrier?

can you give me real world company examples for opportunity cost and scarcity situations?

Technically, price level stability is the absence of market inflation and deflation. The latter, however, referring to an increase in equilibrium prices, and the former to a significant price cut. Both positive and normative economists are challenged to critically examine and evaluate how the two market phenomena occur as they may create adverse economic impacts on economy both at the national and local levels. The former is further expected to propose economic and socio-political interventions and mitigations to cushion their impacts

What is wrong the staement?

What are the components of aggregate income and components of aggregate outcome?

The price to drive on a freeway is $0 at all times of the day. This price establishes equilibrium at 3 a.m. but is too low to establish equilibrium at 5 p.m. There is a shortage of freeway space at 5 p.m.

Graphically show and explain how carpooling may eliminate the shortage.
Graphically show and explain how building more freeways may eliminate the shortage.