Which of these is not an example of a sunk cost that is subject to poor economic decision making?

Which of these is not an example of a sunk cost that is subject to poor economic decision making?Question 2 options:a) a registration fee for a local 10K raceb) an appraisal fee to determine the value of a house you are thinking of buyingc) tuition that you paid for an economics coursed) a new laptop that you purchased for […]

Please explain the concepts of Comparative and Absolute Advantage. If the USA and Canada are considering to trade and there are only two goods in the…

Please explain the concepts of Comparative and Absolute Advantage.If the USA and Canada are considering to trade and there are only two goods in the economy: wheat and corn. The US can produce 4 units of wheat or 2 units of corn, where Canada can produce 5 units of wheat or 8 units of corn […]

Now consider a slightly modied version of this game, in which the coward has a much stronger preference for quiche:

nA cowboy rides into a new town and stops at the local hotel for breakfast. He knows that there is a local outlaw who enjoys killing people in gunfights, but who is (naturally) averse to being killed. The cowboy may be of two types: a coward or a gunslinger. If the outlaw attacks the coward, […]

“Several years ago there were a few lawsuits contending that Microsoft was exercising illegal monopoly power when it required computer manufacturers…

“Several years ago there were a few lawsuits contending that Microsoft was exercising illegal monopoly power when it required computer manufacturers who installed Windows to include Internet Explorer. Microsoft maintained that it was a “natural monopoly,” (see part 10.1 of the digital text; sometimes defined as an industry with such large economies of scale that […]

Until recently, China actively purchased US Treasury securities in order to limit the appreciation of its currency. (Currently it is losing foreign…

Until recently, China actively purchased US Treasury securities in order to limit the appreciation of its currency. (Currently it is losing foreign reserves). For this question you are asked to read two articles about how the USA should have responded to this strategy. Both are by Paul Krugman, and are posted on the course webpage: […]

define [Economics of Pollution] , state what you find significant about research discoveries indicated, how the information could be beneficial in

define [Economics of Pollution] , state what you find significant about research discoveries indicated, how the information could be beneficial in making economic decisions, and any personal insights gained, as well as how the information could be applied personally.. Your summary should be approximately 150 words.Define [Economics of Pollution] , state what you find significant […]

Using the hypothetical economy data in the table below, calculate the aggregate demand and supply, as well as its price level.

Then address the following:a)    What is the equilibrium price level and the equilibrium level of real output in this hypothetical economy? Use Excel to graph both the aggregate demand and aggregate supply curves. Can there be equilibrium level of output at below full employment?b)    At what price level will aggregate supply equal aggregate demand? At […]

SECTION 3: PROBLEM QUESTION, 25 MARKS The demand schedule for sugar is:

SECTION 3: PROBLEM QUESTION, 25 MARKSThe demand schedule for sugar is:Quantity Demanded(millions of kilograms per year)3 205 167 129 712 3a) What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram?b) What happens to total revenue if the price rises from $7 to $12?c) At what price is […]

Q/ A certain factory building has an old lighting system, and lighting this building costs, on average, $20,000 a year.

Q/ A certain factory building has an old lighting system, and lighting this building costs, on average, $20,000 a year. A lighting consultant tells the factory supervisor that the lighting bill can be reduced to $8000 a year if $50,000 were invested in relighting the factory building. If the new lighting system is installed, an […]

True, False or Uncertain. The philips cuve relation implies that when output is below its natural level, the inflation rate increases.

True, False or Uncertain. 1. The philips cuve relation implies that when output is below its natural level, the inflation rate increases. 2. The modified Philips curve captures well the aggregate supply relation in the U.S. today. 3. The U.S. unemployment rate will not increase as long as there is positive output growth. 4. In […]