Macroe

Econ 301: Microeconomics Assignment 1: Semester 3, 2009 Name:Student ID: Each interrogative mood sentence is worth 5 marks. This assignment is worth 10% of your come in mark for this subject. If you do not apologize how you got your answers or show up calculations which show how you got your answer you leave behind receive zero marks. drumhead 1 Everyone knows that attending Insearch is expensive. merely this salute frequently is calculated falsely and, as a result, is understated. The following paragraph describes the financial station of a bookman attending Insearch. Sue, an aspiring student at Insearch, pays $22,000 in tuition. She pays $7,000 for intellectual nourishment and rent. Sue also spends $3,000 on some other activities, such(prenominal) as pizzas, parties, and clothes. She spends $600 on textbooks per year and makes automobile payments of $3,600 in a year. Sue is not working this year eyepatch in Insearch; but if she did not go to Insearch, she had a business brook along up that would have paid her $30,000. If she worked this year, she would have pass $7,000 on food and rent, as well as an extra $3,000 on other expenses. Sue would, of course, have made her car payments of $3,600 eventide if she did not go to Insearch. In terms of dollars, what is the chance cost of Sue attending Insearch for the year? Explain how you got your answer.

Insearch Working educational activity - $ 22000 Job + $ 30000 Food & Rent - $ 70 00 Food ! and rent - $ 7000 former(a) activities - $ 3000 early(a) expense - $ 3000 Textbook - $ 600 motorcar payment - $ 3600 Car allowance - $ 3600 Expenses $ 36200 Income $ 16400 Question 2 What is the effect of each of the following events on the equilibrium price and quantity of computers in the Australian marketplace? Draw diagrams to illustrate your answer. a) The price of plastic, which is used to make...If you want to run short a full essay, order it on our website: OrderCustomPaper.com

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