Refer to the information provided in Table 2.2 below to answer the following question(s).Table 2.2?MollyPeteAvatar Design68Tattoo Design32Refer to Table 2.2. To maximize total production,
A. Molly should design avatars and tattoos, but Pete should only design avatars.
B. Molly should specialize in avatar design and Pete should specialize in tattoo design.
C. Pete should specialize in avatar design and Molly should specialize in tattoo design.
D. Molly and Pete should both split their time between designing avatars and tattoos.
Answer: C
You might also like to view...
An entrepreneur is best described as
a. someone that is hired to work in a firm b. someone who creates human capital c. someone with the ability to combine other resources in a productive enterprise d. anyone who owns productive enterprise e. anyone who produces long-lived physical capital
If M2 is four times larger than M1, the velocity of M1 should be:
A. one-fourth of the velocity of M2. B. equal to four. C. four times larger than the velocity of M2. D. equal to the velocity of M2.
Which of the following is a trend in the U.S. labor force participation rate over the last 50 years?
a. The overall labor force participation rate has decreased. b. The gender makeup of the labor force participation rate has stayed roughly the same. c. The labor force participation rate for men has fallen. d. The labor force participation rate for women has fallen.
In the crowding-out effect, ______.
a. government purchases increase interest rates, which crowd out investment and consumer spending and shift the aggregate demand curve to the left b. higher interest rates increase investment and consumer spending, which crowd out government purchases and shift the aggregate demand curve to the left c. government purchases lower interest rates, which crowd out unemployment and inflation and shifts the aggregate demand curve to the right d. low interest rates lead to increased government spending, which is crowded out by investment and consumption spending and shifts the aggregate demand curve to the right