Author Question: General equilibrium analysis is the study of A) how an equilibrium is determined in all markets ... (Read 87 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 average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

For a complete list of videos, visit our video library