Question 1. 1. What is your opportu

Question 1.

1. What is your opportunity cost of each of the following? (5 points)
a. Attending your next economics class meeting.
b. Skipping your next economics class meeting.
c. Taking an all expenses paid trip to the Bahamas for a week during this semester.

2. The local pizza restaurant is advertising a special. If you buy one individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your marginal benefit from eating pizza is shown in the table below. If the price of a pizza is $6, how many should you buy? (3 points)

No of pizzas MB (Marginal Benefit)
0 0
1 7
2 4
3 2
4 1


3. The workers in a factory currently earn $120 for a 39 – hour week. The management offers them a choice between either a straight 10% wage increase or an increase in the weekly wage to $125 coupled with a reduction in hours from 39 to 37 hours. What is the opportunity cost to each worker of opting for the 37 – hour week? (2 points)

Kết quả (Anh) 1:

Question 1. 1. What is your opportunity cost of each of the following? (5 points)a. Attending your next economics class meeting. b. Skipping your next economics class meeting. c. Taking an all expenses paid trip to the Bahamas for a week during this semester. 2. The local pizza restaurant is a special advertising section. If you buy one individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your marginal benefit from eating pizza is shown in the table below. If the price of a pizza is $ 6, how many should you buy? (3 points)No of pizzas MB (Marginal Benefit)00 00 1 7 2 43 24 13. The workers in a factory currently earn $ 120 for a 39-hour week. The management offers them a choice between either a straight 10% wage increase or an increase in the weekly wage to $ 125 coupled with a reduction in hours from 39 to 37 hours. What is the opportunity cost to each worker of opting for the 37-hour week? (2 points)

Kết quả (Anh) 2:

Question 1.

1. What is your opportunity cost of each of the sau? (5 points)
a. ATTENDING của economics class next meeting.
B. Skipping class economics của next meeting.
C. Taking an all paid trip to the Bahamas Expenses for a week this semester khi.

2. The local pizza restaurant is advertising a special. If you buy one of the individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your Benefit from eating pizza marginal Shown in the table below is. If the price of a pizza is $ 6, how many you shouldnt buy? (3 points)

No of pizzas MB (Marginal Benefit)
0 0
1 7
2 4
3 2
4 1


3. The workers in a factory hiện earn $ 120 for a 39 - hour week. The management offers a choice giữa added hoặc a straight 10% Wage tăng tăng security or in the weekly Wage to $ 125 coupled with a reduction in hours from 39 to 37 hours. What is the opportunity cost to each worker of opting for the 37 - hour week? (2 points)