Economics Answers

how would you think of calculating the opportunity cost of a 4 year undergraduate degree? what are the elements of this cost that individuals tend to overlook? ( you may assume that it cost the same to live at home as it does to attend college in nearby city

Weather forecasters know they are making future predictions based only on past and present observations. What if a colleague told you that an investment in that new startup was a sure thing?

C = 250-0.75Y
I = 350
G = 800
X = 500
M = 200+0.4Y
T = 0.15Y
Use the above information to answer the following question
If C = 250-0.75Y, interpret the meaning of the value 250
State the value of MPT, MPC and MPS on disposable income and MPM
Find MPC and MPS on national income
Find the level of income in the economy
Calculate the net exports and interpret
If investment rise by 15%, what will be the change in national income

Given the national income identity Y=C+I+G+(X-M) and C=300+0.8Yd 1=650 G=750 X=550 M=350+0.15Y T=0.25Y
CALCULATE
(a) 1.injections=exports, investments
2.Withdrawals=imports and savings
(b) The marginal propensity to save on disposable income
(c) The marginal propensity to import is 0.15
(ci)The marginal propensity to tax is 0.25
(d)The marginal propensity to consume on national income
(e) The equilibrium national income level
(f) The change in equilibrium level if investment increases by 10%
(g)Change in government expenditure if full employment income level is 3600

In most provinces, provincial property rights In most provinces, provincial property rights law is known as

Supply = -20+10p
Demand = 400-20p
Solve for equilibrium price and quantity

Assume that the government sets a price of $4 for fuel and the quantity is 35 million litres, what would be the effect on the market?

Which of the following is not a step that economists use in developing a useful economic​ model?
A.
Use economic data to test the hypothesis.
B.
Decide on the assumptions to be used in developing the model.
C.
Make a value judgement about the merits of the hypothesis.
D.
Formulate a testable hypothesis.
E.
Revise the model if it does not explain the data well.

In a prisoner’s dilemma with prisoners A and B, if they both confess, A gets 5 years and B gets 8 years. If both remain silent, A gets 2 years and B goes free. If one confesses and the other does not, the one who confesses gets 1 year and the other gets 15 years. Which statement is TRUE of this case?

which sections of the income statement would a debits balance in cash short and over be reported?