ccording to research, couples who live together before marriage are more like vorced, even after controlling for relevant variables.3 From an economic po why might this be the case? Because the opportunity cost of seeking a more suitable partner is too hig people just keep cohabiting. Because those who cohabit before marriage are treating their partner like chat should be test driven, instead of a human being who should be loved.4 Because divorce is less expensive when the marginal benefit of divorce equa marginal cost. Because traditional religions prohibit cohabitation before marriage.

ccording to research, couples who live together before marriage are more like vorced, even after controlling for relevant variables.3 From an economic po why might this be the case? Because the opportunity cost of seeking a more suitable partner is too hig people just keep cohabiting. Because those who cohabit before marriage are treating their partner like chat should be test driven, instead of a human being who should be loved.4 Because divorce is less expensive when the marginal benefit of divorce equa marginal cost. Because traditional religions prohibit cohabitation before marriage.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 9PA

See similar textbooks

Similar questions

ANCOSA The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway." Source: https://www.juneauempire.com/opinion/opinion-guns-vs-butter-and-greed-over-all/ Accessed: 14/08/22 The dilemma that all nations confront in the above example is that... A. an increase in national defence is only possible if we produce more civilian goods and services. B. civilian goods and services can only be produced if we have adequate protection from the military. C. an increase in spending in national defence implies more sacrifices of civilian goods and services. D. spending in national defence can be accomplished using the same resources at the same time. Assume that coffee and tea are substitutes. Derrick and Thandi are vendors at the station. Derrick sells tea and Thandi coffee. They usually sell these drinks at R5…
1) John is operating an internation business in the United Stateds of American and is focused on the limitation or short-term impact of an issue. It can be said that John has a ............. 2) The grestest good for the greatest number of persons is known as the ............... approach. 3) this theorgy states that a country's wealth was deternmined by the amount of its gold and silver holding. It is ...........?
Problem: Imagine you have two competing athletes who have the option to use an illegal and dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gain an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping (the athletes believe the advantage over their competitor outweighs the risks from doping ). However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What outcome do we expect from these two athletes? Please use ideas like concepts of monopolies, Oligopolies and Game Theory and Factor markets for this scenario.
2. What is the concept of the Equimarginal Principle?
11) The state of South Colorado unexpectedly had an extra 500 million in tax revenue in the last year. The Governor and the Speaker of the State House are discussing how to spend it. Both will have to agree on any proposal, and nothing is spent until they agree. The Governor wants to spend all the excess money on public safety by hiring more police officers etc. The Speaker wants to spend all the excess money on improving education. They can divide the money however they wish. Each gets utility equal to the amount of money spent on their preferred project. So, if 300 million goes to public safety, the Governor would get 300 utility and the Speaker would get 200. Assume the Governor has a discount rate of 0.7, while the Speaker has a discount rate or 0.9. Develop a Rubinstein bargaining game to determine how the money will be divided. (Assume the Governor makes the first offer). Draw the game, and then solve it. How much money will be devoted to each program?
(9) What determines the utility an individual receives from consuming a good? Select one: a. The individual’s own preferences. b. The demand and supply curves for that good. c. The producers conducting customer feedback surveys of that good and the feedback provided. (10) Denzel bought headphones two months ago, Solo2 Beats by Dre, for $130. He gives them to his little brother and goes online to buy another for himself but they are now $160. What is the percentage change in the headphone’s price? Select one: a. 23% b. 30% c. 21%
Question 4 Goals should be set to meet customer demand.1.True2.False
2. Determining opportunity cost Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 Discounted minutes away from where she works, and pay a marked-up Marked-up price price price of $102 for the suit: Juanita's office Original price Travel Time Each Way Price of a Suit (Minutes) (Dollars per suit) Store Local Department Store 15 102 Across Town 30 88 Neighboring City 60 63 Juanita makes $18 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $18 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing…
1. Suppose that on the island, the currency is shell beads. The going price for coconuts is 1 bead and that for fish is 1 bead. You earn 20 beads per period from your job as a harvester. Given the data in the table, your equilibrium or maximum satisfaction coconut-fish combination will be ____?coconut and ____? fish. Explain why this will be the chosen combination. 2. Compare your new total satisfaction level with the old one. Old data: 2.5 beads for coconut, 1 bead for fish (optimal combination of coconut-fish was 5 coconuts and 8 fishes). Thank you.
2. can you explain how you find out each part?
Topic One: Substitutes and Complements 1. How do retail stores display their merchandise taking into account substitute or complementary goods? Give some examples. 2. Have your purchases been influenced by these marketing techniques? Give some examples. Topic Two: Measuring Opportunity Cost How would you suggest to measure the opportunity cost of a parent that chooses to play with their child vice play sudoku? How would you measure the opportunity cost of the kid? Topic Three: Marginal Analysis, Opportunity Cost We read this week that opportunity cost must be used to make rational decisions, we also read that people should make decisions after considering marginal benefit versus marginal cost. Could you think in situations that you could use opportunity cost, marginal benefit and marginal cost concepts to make your own decisions? Provide examples.
Describe FIVE [5] reason why favoritism happens.