Sunk costs and opportunity costs

Econ 102 Test 4 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Who is a price taker in a competitive market? a. buyers only b. sellers only c. both buyers and sellers d. neither buyers nor sellers   ____ 2. In a competitive market, a. no single… Continue reading Sunk costs and opportunity costs

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Introduction of Tesla and Ford

This question requires complete understanding of interactions between output production of a product and economic profit maximization.  Be careful with the IF-THEN statement. If a competitive firm minimizes its cost of production of a good subject to output, it maximizes economic profit. True or false and explain in detail.  If it is true, explain why it… Continue reading Introduction of Tesla and Ford

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Board Governance and Volunteer Management

Benefits of Nongoverning Volunteer Orientation and Training Board Governance & Volunteer Management APA Format 1-3 pages Friday by 10pm New York Time 2-3 References Even when volunteers come to an organization with a name that is recognized, community connections, and years of professional expertise and experience, they still require an understanding of the background, purpose,… Continue reading Board Governance and Volunteer Management

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Types of unemployment undesirable

Hello class, What are the three types of unemployment?  Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate frictional unemployment?  Are all three types of unemployment undesirable? Explain. People may find themselves unemployed for different reasons.  The unemployment rate is measured as… Continue reading Types of unemployment undesirable

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Types of Unemployment Research Paper

response to the answer: As previously discussed in week one’s lesson Unemployment occurs when the number of people who are willing and able to work exceeds the number of jobs on the job market. The entire population isn’t taken into account when calculating unemployment rate, the ratio is based upon the number of unemployed people… Continue reading Types of Unemployment Research Paper

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