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Two instructors announced that they "grade on the curve," that is, give a fixed percentage of each of the various letter grades to each of their classes. Their curves are as follows:
Grade Instructor A Instructor B
A 10% 15%
B 15 15
C 45 30
D 15 20
F 15 20
If a random student came to you and said that his object was to enroll in the class in which he could expect the higher grade point average, which instructor would you recommend?
A typical customer who buys from a firm has a demand given by P = 90 - 3 Q. The firm has a constant marginal cost MC = $18 and no fixed cost. “Buy the first 7 units at a price of $75 per unit, and any subsequent unit at a price of $54 per unit.” Com..
A 0.20-kg metal sphere oscillates at the end of a vertical spring.As the spring stretches from 0.13 to 0.21 m (relative to itsunstrained length), the speed of the sphere decreases from 5.3 to4.6 m/s. What is the spring constant of the spring?
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
In his 1962 book "Economic Development," Galbraith presents eight assumptions about the causes of poverty. What are the eight assumptions?
A monopolist like Spago (a famous Hollywood restaurant frequented by movie stars) can fully pass on all the marginal cost increases to its diners through higher prices since it is a price maker and can charge any price it wishes. True, False, or Unce..
The kinked-demand (Sweezy) model of an oligopoly is based on the assumption that:
Until the Uruguay Round of trade negotiations, which of the following sectors were NOT included in the rules for International trade? Steel and agriculture Automobiles and electronics Agriculture and apparel Steel and textiles Automobiles and agricul..
Monopolies are generally considered to have disadvantages. However, in certain circumstances, monopolies can have various advantages for consumers and social welfare. Do you agree or disagree with this statement. Defend your answer and use real world..
Suppose the price of a can of Diet Pepsi is $1. Find out Sally's optimal consumption of Diet Coke as a function of the unit price of Diet Coke (PC).
A company specializing in lubrication products for vintage motors produce two blended oils, Smazka and Neftianikov. They make a profit of $5 per litre of Smazka and $4 per litre of Neftianikov. How many litres of each product should they make to maxi..
Suppose Jilbo can make 18 flower pots or 2 coffee mugs per day. Her cousin Jimbo can make 10 flower pots or 6 coffee mugs per day. What is the opportunity cost for Jimbo of producing 1 flower pot? or 10 flower pots? Who has the comparative advantage ..
If the tax elasticity of supply is 0.55 by how much will the quantity of labor supplied decrease when the marginal tax rate increases from 35 to 45 percent?
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