One major roadblock with paying student-athletes is that universities are hesitant to
a. create a semiprofessional league
b. establish an employee-employer relationship
c. pay their student-athletes competing in Olympic sports
d. reduce coaching salaries in order to compensate student-athletes
e. none of these
b. establish an employee-employer relationship
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Diamonds are considered:
A. a renewable resource. B. a nonrenewable resource. C. physical capital. D. technology.
The demand curve for a monopolist's output is
a. horizontal. b. shallower than the market demand curve. c. steeper than the market demand curve. d. identical to the market demand curve.
A firm wishes to shut down an office and fire 100 employees. The company will save $3000 per month per employee. It is estimated that each employee contributes $4,100 to the company. The firm rents office space for this group of employees at $1500 . What should the company do?
a. Fire the employees and save $1500 on rent b. Not fire the employees keeping them generates a profit of $1100 per employee c. Not fire the employees since keeping them generates a profit of $1085 per employee d. None of the above
Which of the following is an example of money left on the sidewalk?
a. Overconfident small investors making poor stock-trading choices and failing to learn from experience. b. A guitarist buying a high end model of a Fender Stratocaster when a low end version is available in the market. c. A librarian purchasing the latest editions of several social science books. d. A cancer patient insisting on getting treated at an expensive clinic instead of a general hospital.