Kamryn is deciding between three potential activities on saturday evening: 1) staying at home and watching her favorite television show, an activity that she values at $18 and that entails no out-of-pocket costs. 2) going to the movies with her sister to see the latest blockbuster action film, an activity she values at $30 and that entails $15 in out-of-pocket costs. 3) going out to dinner with her best friend, an activity she values at $40 and that entails $23 in out-of-pocket costs. a.Which activity should kamryn choose? Staying at home and watching her favorite show going out to dinner with her best friend going to the movies with her sisterb. What is kamryn's opportunity cost of going to the movies? Instructions: if you are entering a negative number, be sure to include a negative sign (-). $c. Relative to her next best alternative, what is kamryn's economic surplus from going to the movies? Instructions: if you are entering a negative number, be sure to include a
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Business, 22.06.2019 07:00, ronnie7898
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
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Business, 22.06.2019 19:30, cyynntthhiiaa4
Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center
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Business, 22.06.2019 20:00, samanthasheets8925
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.
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Kamryn is deciding between three potential activities on saturday evening: 1) staying at home and wa...
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