According to the figure shown, if Sarah puts forth low effort, then Joe should:
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.
A. put forth high effort.
B. put forth low effort.
C. leave the market.
D. give an ultimatum.
B. put forth low effort.
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Division of labor allows people to do tasks for which they have greater natural ability
a. True b. False
Movie theaters are able to offer discounts to senior citizens because:
a. the elderly deserve lower prices because of their contributions to society. b. senior citizens have the most inelastic demand. c. theaters can separate senior citizens from other customers, and it is easier to prevent resale. d. senior citizens cannot see the movie very well because of poor eyesight. e. senior citizens are frequent visitors to the movie theaters.
If spending increased by $100, and the GDP increased $400 as a result, the MPC must be:
A. 0.70 B. 0.75 C. 4 D. 2
Walmart hires approximately ________ employees per Supercenter store.
A. 100 B. 300 C. 200 D. 450