The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Frances spends all of her money on comic books and beignets. In 2015, she earned $15.00 per hour, the price of a comic book was $5.00, and the price of a beignet was $3.00. Which of the following give the nominal value of a variable? a. Rina's wage is 2 comic books per hour in 2015.
b. The price of a beignet is $2.00 in 2015.
c. Rina's wage is $14.00 per hour in 2015.

Which of the following give the real value of a variable? Check all that apply.

a. Rina's wage is $14.00 per hour in 2015.
b. The price of a comic book is 3.5 beignets in 2015.
c. Rina's wage is 7 beignets per hour in 2015.

You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Which of the following has the largest impact on opportunity cost

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?