This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A) Sam pays 600 for 30 days of guitar classes. He attends an hour-long class every day. If, instead ... (Read 135 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
a) Sam pays 600 for 30 days of guitar classes. He attends an hour-long class every day. If, instead of attending class, he works at a part-time job, he would be paid 5 an hour. Or, he could work at a fast-food outlet and earn 9 per hour.
 
  Once he has already paid a nonrefundable fee of 600 to enroll in the class, what is his opportunity cost of attending each hour of class?
 
  b) Suppose workers decide to work more and consume less leisure when their hourly wage rate increases. What could explain this behavior?

Question 2

As real disposable income increases, we expect the average propensity to consume (APC)
 
  A) to always be below MPC. B) to increase.
  C) to remain unchanged. D) to decrease.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


olgavictoria

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: Jun 30, 2018
Thank you


ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Overview of material uptake and long-distance transport processes in plants Overview of material uptake and long-distance transport processes in plants
Associative Long-Term Potentiation Associative Long-Term Potentiation
Students in class Students in class
Classes of Microorganisms with Descriptions and Examples Classes of Microorganisms with Descriptions and Examples
A typical fire extinguisher designed to be used on class A, B, or C fires. A typical fire extinguisher designed to be used on class A, B, or C fires.
MHC Class I and Class II Molecules MHC Class I and Class II Molecules
Video: Hemodynamics Animation

For a complete list of videos, visit our video library