Diana is a personal trainer whose client Charles pays $80 per hour-long session. Charles values this service at $100 per hour, while the opportunity cost of Diana's time is $75 per hour. The government places a tax of $10 per hour on personal trainers. Before the tax, what is the total surplus?
a. $25
b. $20
c. $5
d. $0
a
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Demographic handicaps and discrimination are primarily responsible for the extent of poverty
Indicate whether the statement is true or false
How does the monopolist calculate profit per unit, and total profit?
Although wages, incomes, and interest rates are most often discussed in real terms, what matters most are their nominal values.
a. true b. false
Which of the following statements is true of stepwise regression?
A. In a stepwise regression, the dependent variable is regressed on each independent variable individually with an attempt to understand the effect of each independent variable on the dependent variable. B. In a stepwise regression, the dependent variable is regressed on different combinations of the independent variable with an attempt to come up with the best model. C. In a stepwise regression, the dependent variable can take up binary values only while the explanatory variables can take up quantitative values. D. In a stepwise regression, the dependent variable can take up quantitative values while the explanatory variables can take up only binary values.