Author Question: General equilibrium analysis is the study of A) how an equilibrium is determined in all markets ... (Read 52 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
General equilibrium analysis is the study of
 
  A) how an equilibrium is determined in all markets simultaneously.
  B) how an equilibrium is determined in all closely related markets.
  C) the effects of a change in a market, and all spillover effects in all related markets.
  D) Any of the above.

Question 2

Sarah earns 40,000 per year working for a large corporation. She is thinking of quitting this job to work full time in her own business. She will invest her savings of 50,000 (which currently has an annual 10 rate of return) into the business. Her annual opportunity cost of this new business is
 
  A) 0.
  B) 40,000.
  C) 45,000.
  D) 90,000.


juicepod

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library