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 134 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?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

How long does it take you to see the circles? How long does it take you to see the circles?
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Sociologists disagree about the relative significance of race and social class in determining social ... Sociologists disagree about the relative significance of race and social class in determining social ...
Endochondral ossification of long bone. Endochondral ossification of long bone.
Immunoglobulin Class (3–11) Immunoglobulin Class (3–11)
Growing snails in class room sk Growing snails in class room sk
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library