The manager of the customer service department at a bank can hire employees with a high school degree (HS) who earn $10,000 annually or employees with a bachelor's degree (B) who earn $20,000. The manager wants to maximize the number of customers served given a fixed payroll. 
Given the above info, if the manager currently has three HS and three B, what must be true?
A. The manager is not making the correct decision because bachelor's degree holders are more productive at all levels of customer served.
B. The manager is making the correct decision because the marginal contributions are proportionate.
C. More customers could be served if the manager hires fewer HS and more B.
D. More customers could be served if the manager hires more HS and fewer B.
Answer: D
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Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one disadvantage to Torrie of setting up her business as a sole proprietorship?
A) As a sole proprietor, Torrie would not have control of the business. B) As a sole proprietor, Torrie would face unlimited liability. C) As a sole proprietor, Torrie would be taxed twice. D) As a sole proprietor, Torrie would be subject to significant rules and regulations.
Hans can do 4 loads of laundry per hour, and he can type 6 pages per hour. Maria can do 12 loads of laundry per hour, and she can type 8 pages per hour. Maria’s opportunity cost of doing one load of laundry is:
A. 4 pages. B. 6 pages. C. 2/3 of a page. D. 3/2 of a page. E. impossible to compute without additional information.
the Figure 3.4 illustrates the demand for tacos. An increase in price of tacos would bring about a movement from:
A. point a to point c. B. point c to point a. C. D2 to D0. D. D0 to D1.
The natural monopoly in Figure 8.14 wants to produce:
A. Q1. B. Q2. C. Q3. D. Q4.