If we know the marginal product of labor for every unit of labor, we can derive:...
If we know the marginal product of labor for every unit of labor, we can derive: Select one: a. the demand curve for labor. b. the equilibrium quantity of workers. c. the equilibrium wage. d. the supply curve for labor.
Question 17 The productivity of the firm is directly related to the productivity of an individual worker. Select one: True False
Question 18 Pro-segregation policies in the American South often came from: Select one: a. humanitarianism. b. foreigners. c. employers. d. governments.
Question 19 College graduates are paid more, on average, partly because the act of finishing college signals that they are more likely to be a good employee. Select one: True False
Question 20 Statistical discrimination is: Select one: a. collecting information to justify hiring individuals. b. statistical data of discrimination. c. applying statistical analysis in discrimination. d. using information about group averages to make conclusions about individuals.
Homework Answers
Ans) the correct option is a) the demand curve for labor
Ans) True
Ans) the correct option is employers
Ans) True
Ans) the correct option is d) using information about group averages to make conclusions about individuals.
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If we know the marginal product of labor for every unit of
labor, we can derive:...
Computing the marginal product of labor im really looking for the first multiple choice question and...
Computing the marginal product of labor
im really looking for the first multiple choice question and the
last T or F question. the first question is either B or C..i dont
know how to figure out how many extra lawns/worker thanks!
Suppose that Simone runs her own lawn care service and that her firm is competitive in the lawn care industry. She has a fixed number of tools that can be used to maintain a yard, but she needs to...
Question 1 Which of the following is not one of the ways we measure income inequality? A. Income shares of the households with the most income. (wrong) B. The Gini Coefficient. C. Income shares of the...
Question 1 Which of the following is not one of the ways we measure income inequality? A. Income shares of the households with the most income. (wrong) B. The Gini Coefficient. C. Income shares of the households with the most income relative to the income shares of the poorest households. D. The minimum wage. Question 2 Which of the following is not true about the Gini Coefficient? A. A value of 1 means perfect income inequality and a value of...
QUESTION 1 We can create a distribution of sample means by selecting all possible random samples...
QUESTION 1 We can create a distribution of sample means by selecting all possible random samples of the same size from the population. a. True b. False QUESTION 3 If you select a sample of size 100 from a population of raw scores and construct a distribution of sample means, what shape will the distribution of samples means have? a. left skewed b. right skewed c. approximately normal d. more information is needed about the shape of the population of...
Please show as much work and explanation as possible, thank you so much! Part 2: For...
Please show as much work and
explanation as possible, thank you so much!
Part 2: For each question below, select all answers that are correct (there may be more than one correct answer, there may be none). Each potential answer is worth 2 points. MPK then we can conclude that: PK MPL 1. If PL (a) The firm should use more capital (K) and less labor (L) (b) The firm is not operating on its Long Run Average Cost Curve....
36) When a monopolist sells the same product at different prices and the prices are not related to cost differences, we have B) price differentiation. D) monopoly pricing A) price discrimination...
36) When a monopolist sells the same product at different prices and the prices are not related to cost differences, we have B) price differentiation. D) monopoly pricing A) price discrimination C) marginal cost pricing. 37) 37) Monopolies misallocate resources because A) price does not equal marginal cost B) profits are usually positive. C) marginal cost does not equal average total cost. D) price does not equal average total cost. 38) 38) Which of the following assumptions is true about...
For each question below select the best answer from those listed and give your reasoning. Your...
For each question below select the best answer from those listed and give your reasoning. Your reasoning need only be a sentence or two. It is not enough to get the right answer, you must know why it is the right answer. Question 5 Fred's friend claimed that Canadians tend to be jerks. Fred wondered if that was true, and tested it by checking to see how many Canadian jerks he could think of. Fred's cognitive strategy is ["the availability...
Can we rely on self-evaluations to accurately reflect our own competence? To investigate this phe...
Can we rely on self-evaluations to accurately reflect our own
competence?
To investigate this phenomenon in the lab, Dunning and Kruger
designed some experiments. In one study (Links to an external
site.)Links to an external site., they asked undergraduate students
a series of questions about grammar, logic and jokes, and then
asked each student to estimate his or her score overall, and to
judge their relative rank compared to the other students.
Interestingly, students who scored the lowest in these...
A country's consumption possibilities frontier can be outside its production possibilities frontier if a
1. A country's consumption possibilities frontier can be outside its production possibilities frontier if a. the country engages in trade. b. the citizens of the country have a greater desire to consume goods and services than do the citizens of other countries. c. the country’s technology is superior to the technologies of other countries.d. All of the above are correct. 2. A production possibilities frontier will be a straight line if a. increasing the production of one good by x...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
Computing the marginal product of labor
im really looking for the first multiple choice question and the
last T or F question. the first question is either B or C..i dont
know how to figure out how many extra lawns/worker thanks!
Suppose that Simone runs her own lawn care service and that her firm is competitive in the lawn care industry. She has a fixed number of tools that can be used to maintain a yard, but she needs to...
Please show as much work and
explanation as possible, thank you so much!
Part 2: For each question below, select all answers that are correct (there may be more than one correct answer, there may be none). Each potential answer is worth 2 points. MPK then we can conclude that: PK MPL 1. If PL (a) The firm should use more capital (K) and less labor (L) (b) The firm is not operating on its Long Run Average Cost Curve....
36) When a monopolist sells the same product at different prices and the prices are not related to cost differences, we have B) price differentiation. D) monopoly pricing A) price discrimination C) marginal cost pricing. 37) 37) Monopolies misallocate resources because A) price does not equal marginal cost B) profits are usually positive. C) marginal cost does not equal average total cost. D) price does not equal average total cost. 38) 38) Which of the following assumptions is true about...
Can we rely on self-evaluations to accurately reflect our own
competence?
To investigate this phenomenon in the lab, Dunning and Kruger
designed some experiments. In one study (Links to an external
site.)Links to an external site., they asked undergraduate students
a series of questions about grammar, logic and jokes, and then
asked each student to estimate his or her score overall, and to
judge their relative rank compared to the other students.
Interestingly, students who scored the lowest in these...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
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