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5 Cards in this Set
- Front
- Back
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i am an idiot who erased all of my thigs ! |
mpc |
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match up the people with the highest wtp and the lowest oc what is the lowest wtp rounded to the nearest tenth? |
80 = price of lesson only 3 people will recieve lessons
josef will not teach because his opp cost is too high for the any consumer to pay
cs is atp - p - add them up ps is p - oc - add them up ts is adding ps and cs |
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gdp |
c + i + g + nx |
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textbook 2016 = $100 in two years it = $144
inflation rate? |
everything else is held constant 20%
use p(1+r)^t = price new
100(1+r)^2 = 144
20% |
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2016 - 2030 gdp 100-800 |
24 years doubled 3 times use rule of 72
24/3
72/r = 72
r = 9 |
