What is the importance of opportunity cost to a consumer? How to find the opportunity cost? What is a price system and how does it work? How are money costs and opportunity costs related to each other? What's the difference between dynamic pricing and price discrimination?
Related: How to Find a Reputable Tax Preparer Near You What Is an Effective Tax Rate? Your effective tax rate is the percentage of your taxable income you pay in taxes – essentially an average of the various rates at which your income is taxed. You can calculate the rate using only you...
If you've survived the theory part of opportunity cost, you must be wondering how to calculate opportunity cost. Well, all you need is to have the cost of your selected item and the cost of its next best alternative ready. Read ahead to know how you can use these two values to arrive...
Draw a production possibilities frontier showing increasing opportunity cost for hammers and horseshoes. a. On a graph, identify the area of feasible outcomes and the area of infeasible outcomes. b. One way to examine the marginal cost of a good is by looking at the opportunity cost usi...
M: Well, I personally regret this development. But the basic bachelor's education now has to cater to people who really need a piece of paper to find a decent job. W: So you're concerned about this development. M: Yes, I'm very concerned. With technical changes, many of the thin...
A tax credit is an amount of money that you can subtract, dollar for dollar, from the income taxes you owe. Find out if tax credits can save you money.
This temporary rate was set to expire at the end of 2012, which would cost an individual making $50,000 per year another $20 per week in taxes. Was There a Bright Side to the Fiscal Cliff? There were principally two bullish arguments regarding the fiscal cliff. First, that Congress would...
To max out your taxable loss, you’ll need to find investments where you’ve lost at least $9,000. You can use any number of losing positions to get to this figure. 3. Make the transactions Once you’ve figured out how much you need to sell and which positions you’re going to ...
Explain how fixed costs affect decision making in the short run. Provide some examples please. This is a discussion question for my class, but when I try to find information on this it seems to be a t a) Explain the concepts o...
Residual income is often passive income. Passive income is, by definition, relatively effortless. Stock dividends and bond premiums are examples. To quote legendary investor Warren Buffet: "If you don't find a way to make money while you sleep, you will work until you die." ...