One major point that Keynes raised pertains to income and spending. He argued that:
A. All income is often spent in the same period of time
B. Oftentimes, people spend more than their incomes
C. The marginal propensity to spend out of additional income is quite volatile
D. Pessimism could cause aggregate spending to fall short of total output
D. Pessimism could cause aggregate spending to fall short of total output
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Wet-n-Wild Indoor Water Park offers family fun year-round in the Northstar state to locals and out-of-state visitors. The demand for day passes to the water park for each market segment is independent of the other market segment. The marginal cost of providing service to each visitor is $5 per day. Suppose the daily demand curves for the two market segments are
.(a) If Wet-n-Wild Indoor Water Park charges one price to all visitors, what is the profit maximizing price? How many day passes will be sold per day?(b) If Wet-n-Wild Indoor Water Park charges one price to locals, what is the profit maximizing price for locals? How many day passes will be sold per
day to locals?(c) If Wet-n-Wild Indoor Water Park charges one price to out-of-towners, what is the profit maximizing price for out-of-town guests? How many day passes will be sold per day to out-of-town guests?(d) Compare the prices from uniform pricing to the prices from price discrimination. What will be an ideal response?
The table below describes the relationship between the number of workers hired by a call center each hour and the number of calls the call center can make each hour. The call center has only 1 telephone. The telephone costs the firm $5/hour (regardless of how many calls are made), and each worker is paid $10 per hour.Calls PerHourNumber ofTelephonesPer HourNumber ofWorkersPer Hour0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225What is the total cost of making 6 calls an hour?
A. $40 B. $60 C. $30 D. $65
In the early 1800s, ______________ developed a plan for the federal government's involvement in building transportation infrastructure such as canals and roads
a. Albert Gallatin b. Robert Fulton c. Thomas Jefferson d. Alexander Hamilton
Human capital is generally acquired through:
A. education, training and experience of workers. B. training, but not academic education. C. job experience, but not training workshops because they are generally specific to certain job types. D. occupational workshops only,because this is where workers attain job focused skills.