(Answered) Question the night before an economics test you decide to

Economics

Question: The night before an economics test, you decide to go to the movies instead of staying home and working your My Econ Lab Study Plan. You get 50 percent on your test compared with the 70 percent that you normally score.

a. Did you face a tradeoff?

b. What was the opportunity cost of your evening at the movies?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92420082
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question economists say that there is a difference between

Question: Economists say that there is a difference between economic profit and accounting profit. What do you think that difference is? Begin by defining the concept of opportunity cost. The response must be typed, sing ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question you can transfer your health data to another

Question: You can transfer your health data to another personal health record provider such as Microsoft HealthVault. What privacy issues are involved? Express your views on using this type of system, make sure to includ ...

A market is supplied competitively by 50 low- cost firms

A market is supplied competitively by 50 low- cost firms, each with cost curve C(q) = 350 + 2q+ q^2, and n high-cost firms, each with cost curve C(q) = 400 + 2q +q^2. Market demand is Q = 2500 - 10*p. If none of the high ...

Question during the 1990s capital spending grew faster than

Question: During the 1990s, capital spending grew faster than consumption. As a result of this, total capacity also grew faster than usual, so the rate of capacity utilization fell from 1994 to 2000 in spite of a booming ...

Question the town of lookout mountain georgia had become a

Question: The town of Lookout Mountain, Georgia, had become a desirable place to live, and property owners were subdividing some of their land within the city limits in order to build new homes. However, after some peopl ...

Question a monopoly has costs described by tcq60008q demand

Question: A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing price (P)? The response must be typed, single spaced, must be in times new roman fon ...

Question in august 2018 the us federal deficit topped 780

Question: In August 2018, the U.S. federal deficit topped $780 billion and the national debt grew to more than $21 trillion. (You can find real-time numbers for the deficit, debt, and much more at US Debt Clock.) The Con ...

1 the market demand function for corn isqdnbsp 15 -2pthe

1.) The market demand function for corn is Q d = 15 -2P. The market supply function is Q S = 5P - 2.5, both measured in billions of bushels per year. The initial equilibrium price is $2.5, and the initial equilibrium q ...

Question in the 1970s a big increase in the federal budget

Question: In the 1970s, a big increase in the Federal budget deficit was not offset by higher interest rates, so the rate of inflation tripled. In the 1980s, a big increase in the deficit was offset by higher interest ra ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert