Explain your opportunity cost of taking this course. When looking at the decisions that you have to make, are you more concerned on your lost time or money. Analyze the role of scarcity in your daily life and how does the economy estimate the role of scarcity.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.

Most economists report the elasticity of demand asa. the absolute value of the actual number. b. a negative number, since price and quantity demanded move in opposite directions. c. a percentage, since both the numerator and denominator are percentages. d. a dollar amount, since we are measuring the change in price.