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Author Question: A) Sam pays 600 for 30 days of guitar classes. He attends an hour-long class every day. If, instead ... (Read 139 times)

olgavictoria

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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
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ryrychapman11

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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.
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olgavictoria

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Reply #2 on: Jun 30, 2018
Thank you


ryrychapman11

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Reply #3 on: Jun 30, 2018
No problemo


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