Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Problem:

You plan a major adventure trip for summer. You won’t be capable to take your usual summer job that pays $6,000, and you won’t be capable to live at home for free. The cost of your travel on trip will be $3,000, film and videotape will cost you $200, and your food will cost $1,400. What is opportunity cost of taking this trip?

Additional Requirements:

Level of Detail: Show all work

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M914060

Have any Question? 


Related Questions in Macroeconomics

Assume the economy is in long run full employment

Assume the economy is in long run full employment equilibrium with unemployment at the full employment rate of 6% and inflation of 4%. In this situation what would happen to aggregate demand and aggregate supply, unemplo ...

Assignment lasa supply and demand in a global marketanswer

Assignment: LASA: Supply and Demand in a Global Market Answer the following questions using examples and applications from the readings. Justify your answers using economic concepts and ideas as they apply. Each response ...

Course learning objective outline the flow of goods and

Course Learning Objective: Outline the flow of goods and resources to and from economic decision makers. One way to understand how the economy works is the circular flow model. This model demonstrates the flow of resourc ...

A describe five 5 ecosystem goods and services of the

a.) Describe five (5) ecosystem goods and services of the Neponset River Watershed. b.) Assign dollar ($) values to these 5 ecosystem goods and services of the Neponset River Watershed. Please be clear about how you asse ...

1 part a evaluate the fundamental arguments between

1. (Part A) Evaluate the fundamental arguments between Keynesians and Monetarists concerning the level of government involvement in our economy to minimize the impact and stabilize the different stages of the business cy ...

Uxylnx 2lnya what is the optimal choice when the consumer

U(X,Y)=lnx +2lny a) What is the optimal choice when the consumer faces a budget 3x+y=225? call this bundle A(25,150) b) Suppose Px becomes 5, giving us 5x+y=225, what is the new optimal? with bundle (15,150) c) Suppose   ...

The government has placed a 10 per item tax on cat sweaters

The government has placed a $10 per item tax on cat sweaters on the sellers. Below are the price elasticity of demand and the price elasticity of supply.  For each question, tell the dollar amount of the tax the buyer wi ...

The affordable care act is expected to help increase access

The Affordable Care Act is expected to help increase access to health care. Health insurance exchanges will be an important part of that. Most people get health insurance through their employers. But people without this ...

Refoection 550 wordswrite a 525-word weekly reflection that

Refoection 550 Words Write a 525-word weekly reflection that includes the following: o Identify the most effective economic system you discussed in your collaborative discussion. Topic: FREE MARKET • Explain what makes i ...

Assume that the bank holds no excess reserves and that the

Assume that the bank holds no excess reserves and that the required  reserve ratio  equals 10% of deposits. If a customer deposits $5,000, what would be the total increase in checking account balances throughout all bank ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen