Describe the economist’s view of how a decision like that is made.

Words: 297
Pages: 2
Subject: Uncategorized

1. You have made the decision to pursue higher education. Describe the economist’s view of how a decision like that is made. Using marginal analysis, make sure you evaluate the
“rationality” of the decision and explain why the following statement is irrational: “Higher education is priceless, so everyone should pursue a degree no matter the cost.”

2. Suppose you have one partner for a school project requiring both math and writing skills. If you are better than your partner at both math and writing, does this mean you should be responsible for both parts? Use comparative and absolute advantage to explain.

3. The Econville News reports the invention of a machine that allows cows to milk themselves. Provide a brief written descriiption/explanation of the effect of this news on the equilibrium price and quantity of milk.

4. The Econville News reports that drinking at least 8 ounces of milk a day increases bone density 10% over a life time. Provide a brief written descriiption/explanation of the effect of this news on the equilibrium price and quantity of milk.

5. Consider a time in your life when you have benefited from an externality and a time when you have suffered from an externality. Make sure to clearly describe your role and the type
of externality. What is your opinion about the role of government in each of these situations?

Let Us write for you! We offer custom paper writing services Order Now.

REVIEWS


Criminology Order #: 564575

“ This is exactly what I needed . Thank you so much.”

Joanna David.


Communications and Media Order #: 564566
"Great job, completed quicker than expected. Thank you very much!"

Peggy Smith.

Art Order #: 563708
Thanks a million to the great team.

Harrison James.


"Very efficient definitely recommend this site for help getting your assignments to help"

Hannah Seven