Economics Answers

a country will not trade unless

Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $10000 each year for tuition, $2000 each year for textbooks, and $12000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $25000 per year.

Assume that if you decided not to go to college, your parents would not let you live at home.

What is your opportunity cost for four years of college? $

"If a firm produces 1000 shirts (finished products), expecting to keep an inventory of 100 shirts at the end of the year." Here Why a firm keep an inventory of 100 shirts ? What is the need of it? If the firm sold all 1000 shirts there is no need to keep inventory right? If we carry unsold of those 100 shirts to next year, who will going to buy it because of they are already old products compared to coming year there are new products produced?

Usually when people buy or use more quantity of a given product, they expect the price per item to reduce or stay the same.
E.g.: I buy a Gold bar today, the rate is USD $13,510. If I buy 5 gold bars it would be $13,510 x 5 = $67,550
Can you think of one example where this price-volume rule is not obeyed? i.e. the more you buy, the price per item gets higher? (Note: don’t answer with gold, silver, other precious metals etc.). In the above example, it would mean that 1 gold bar costs USD $13,510 but 5 gold cars would costs more than $67,550. Please explain what factors would cause the price-volume rule to not be obeyed.

If the Greek government defaults on its bonds issued by French and German investment banks, how does that prevent the French and German governments from paying back the money that they owe to investment banks in other Euro countries?

Is the statement true or false?
A non-critical activity cannot have zero total float.

Is the statement true or false?
The addition of a consultant to all the elements of an assignment problem can affect the optimal solution of the problem.

List seven organisational policies and procedures that would relate to the preparation of tax documentation for individual taxpayers

if the price of goods X falls from 55.00 to 54.60 and the demand increases from 1700 units to 2000 units , what would be the price elasticity of demand ?

a) Discuss the three big macroeconomics questions.


b) Explain the objectives of macroeconomic policy.