Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

You are a business owner. You hired a manager one year ago. Now you can either keep him or replace him by yourself. If you fire him, you require compensating him with $ 50,000. And your reduced spare time has a valued of $ 30, 000 to you. If you keep him, you need to pay him $ 100,000 this year. You already paid him $ 100,000 last year. Suppose all other aspects of your business stay the same. What is the opportunity cost of replacing him?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91227510

Have any Question?


Related Questions in Microeconomics

Question according to shaw and barry deciding what sort of

Question: According to Shaw and Barry, deciding what sort of economic arrangements would best promote human happiness requires the utilitarian to consider many things. What are the five considerations mentioned by Shaw a ...

Question the demand for boobles can be written as q 11000

Question: The demand for boobles can be written as: Q = 11,000 - 8P. Calculate the price, quantity, total revenue and marginal revenue when the elasticity of demand = -2.2. Calculate the price, quantity, total revenue an ...

Question using the islm and nfinx diagrams show how the

Question: Using the IS/LM and NFI/NX diagrams, show how the following changes in the economy would affect the value of the dollar and the net export balance. (A) Domestic auto manufacturers offer zero-interest financing ...

Question write a paper describing the benefits of setting

Question: Write a paper describing the benefits of setting up a pricing structure which includes price discrimination. Then select one product line and describes the benefits and costs of setting up a pricing structure w ...

Question what information could be lost if a firm were to

Question: What information could be lost if a firm were to buy a supplier of its intermediate goods and incorporate that firm into its existing operating structure? The response must be typed, single spaced, must be in t ...

Question write a 300 word essay introducing yourself to

Question: Write a 300+ word essay introducing yourself to your instructor. In your essay be sure to answer each of the following: What would you like your instructor to know about you? Why did you decide to take this par ...

Question suppose the utility function for a consumer is

Question: Suppose the utility function for a consumer is given by U = 5XY. X is the amount of Good X and Y is the amount of Good Y. A) Neatly sketch the utility function B) Does this utility function exhibit diminishing ...

Question - recently an internet service provider isp in the

Question - Recently, an Internet Service Provider (ISP) in the UK implemented a "no-strings US-style flat-rate plan" whereby its commercial subscribers can send and receive unlimited volume (measured in gigabytes) up to ...

Question suppose that there are only three types of fruit

Question: Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,200,000 tons of blueberries, 5,400,000 tons of strawberries, and 11,000,000 tons of bananas. Suppose that of those ...

Question the new shoes simulation offers three regions in

Question: The New Shoes simulation offers three regions in which your athletic shoe company operates. The foreign region may be an option for your organization to develop. Which strategies would be best suited to meet th ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved