Có 20+ tài liệu thuộc chủ đề "chi phí cơ hội"
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Thu t m ng là đ ng, chi m 1,41%. Thu h i ti n cho vay và lãi vay ồ ề đ ng, chi m 26,74% ồ ế Rút t NHQD v nh p qu là đ ng, chi m 54,56% ừ ề ậ ỹ ồ ế . Rút séc t NHTM s ti n đ ng, chi m ...
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It must decide which members of the household do which tasks and what each member gets in return: Who cooks din- ner? Who does the laundry? Who gets the extra dessert at dinner? Who gets to choose what TV show to watch? In short, the household must allocate its scarce re- sources among its various members, taking into account each...
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In the 1980s and 1990s, for example, much debate in the United States centered on the government’s budget deficit—the excess of government spending over gov- ernment revenue. When the government needs to finance a budget deficit, it does so by borrowing in financial markets, much as a student might borrow to finance a college education or a firm might borrow...
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Just as the biology teacher’s model does not in- clude all of the body’s muscles and capillaries, an economist’s model does not include every feature of the economy.. Just as a physicist be- gins the analysis of a falling marble by assuming away the existence of friction, economists assume away many of the details of the economy that are irrelevant...
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Q U I C K Q U I Z : Why might economic advisers to the president disagree about a question of policy?. The first two chapters of this book have introduced you to the ideas and methods of economics. In the next chapter we start learn- ing in more detail the principles of economic behavior and economic policy.. He...
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variables constant, we know that changes in the price of novels cause changes in the quantity Emma demands. If we are not able to hold variables constant, we might decide that one variable on our graph is causing changes in the other variable when actually those changes are caused by a third omitted variable not pictured on the graph. Imagine...
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To solve this puzzle, we need to look at the principle of comparative advantage.. As a first step in developing this principle, consider the following question: In our example, who can produce potatoes at lower cost—the farmer or the rancher?. One way to answer the question about the cost of producing potatoes is to com- pare the inputs required by...
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s o l d When a cold snap hits Florida, the price of orange juice rises in supermarkets. When the weather turns warm in New England every summer, the price of hotel rooms in the Caribbean plummets. When a war breaks out in the Middle East, the price of gasoline in the United States rises, and the price of a...
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The quantity supplied of any good or service is the amount that sellers are willing and able to sell. Once again, to focus our thinking, let’s consider the market for ice cream and look at the factors that determine the quantity supplied.. Imagine that you are running Student Sweets, a company that produces and sells ice cream. What determines the...
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As Figure 4-11 shows, the shift in the supply curve raises the equilibrium price from $2.00 to $2.50 and lowers the equilibrium quantity from 7 to 4 cones. As a result of the earthquake, the price of ice cream rises, and the quantity of ice cream sold falls.. The curves shift in the same directions as they did in our...
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A small increase in the price of butter, assuming the price of margarine is held fixed, causes the quantity of butter sold to fall by a large amount. D e f i n i t i o n o f t h e M a r k e t The elasticity of demand in any market de- pends on how...
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responds substantially to changes in the price. Supply is said to be inelastic if the quantity supplied responds only slightly to changes in the price.. The price elasticity of supply depends on the flexibility of sellers to change the amount of the good they produce. In most markets, a key determinant of the price elasticity of supply is the time...
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As the price of tickets rises from $200 to $250, what is the price elasticity of demand for (i) business travelers and (ii) vacationers? (Use the midpoint method in your calculations.). Use the midpoint method to calculate your price elasticity of demand as the price of compact discs increases from $8 to $10 if (i) your income is. Calculate your...
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The sellers who appeal to the personal biases of the buyers, perhaps due to racial or familial ties, are better able to sell their goods than those who do not. Quantity of Ice-Cream Cones 0. Price of Ice-Cream Cone. C A S E S T U D Y THE MINIMUM WAGE. An important example of a price floor is the...
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The mistaken assumptions about the incidence of the luxury tax quickly be- came apparent after the tax went into effect. Suppliers of luxuries made their congressional representatives well aware of the economic hardship they experi- enced, and Congress repealed most of the luxury tax in 1993.. Q U I C K Q U I Z : In a supply-and-demand diagram,...
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Now suppose that the price falls from P 1 to P 2 , as shown in panel (b). The increase in consumer surplus attribut- able to the lower price is the area BCFD.. First, those buy- ers who were already buying Q 1 of the good at the higher price P 1 are better off be- cause they now pay...
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sellers sometimes affect people who are not participants in the market at all. Pol- lution is the classic example of a market outcome that affects people not in the market. Market power and externalities are examples of a general phenomenon called market failure—the inability of some unregulated markets to allocate resources effi- ciently. Despite the possibility of market failure, the...
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Let’s consider first how the elasticity of supply affects the size of the dead- weight loss. In the top two panels of Figure 8-5, the demand curve and the size of the tax are the same. The only difference in these figures is the elasticity of the sup- ply curve. Size of tax Size of tax. of tax Size of...
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Identify the following areas both before and after the imposition of the tax: total spending by consumers, total revenue for producers, and government tax revenue.. Illustrate the effect of this tax increase on the quantity of cars sold in New Jersey, the price paid by consumers, and the price received by producers.. Suppose that the government subsidizes a good: For...