Real costs of college education

Assignment Help Business Economics
Reference no: EM131395397

Answer doesn't have to be super in depth. Short concise and to the point, no fluff. Max is 1/2 a page.

Problem: "At the turn of this century, most banks required tellers to have a high school diploma. Even though the tasks currently performed by tellers in most banks can still be performed by persons who have mastered the high school curriculum, many banks now require that their tellers have college diplomas.

Assuming that the real costs of college education are lower now than at the turn of the century and that these costs are lower for persons of higher ability, construct an explanation for why banks might have raised their hiring standards"

Reference no: EM131395397

Questions Cloud

Downward-sloping demand curve-upward-sloping supply curve : The market for pizza is characterized by a downward-sloping demand curve and an upward-sloping supply curve.
Construct argument patterns - flesh food is not a necessity : If a statement is redundant or plays no role in the argument, do not include it in the pattern.- Flesh food is not a necessity in the human diet, as nutritionally adequate alternatives are readily available.
How much of each grade of gas to supply to a gas station : Modify the class written for Exercise 9a to include the grade of gas. Assume there are three grades of gas: 87 octane, 93 octane, and 97 octane.
Ability to generalize a causal relationship : Which combination of validity types is most related to our ability to generalize a causal relationship? Explain.
Real costs of college education : Assuming that the real costs of college education are lower now than at the turn of the century and that these costs are lower for persons of higher ability, construct an explanation for why banks might have raised their hiring standards"
What can we expect of catherines school experiences : What can we expect of Catherines's school experiences? What are two of the most serious health risks associated with her obesity? Discuss two strategies for dealing with Catherine's obesity
Construct argument patterns - cigarette consumption : If a statement is redundant or plays no role in the argument, do not include it in the pattern.- Cigarette consumption could be easily reduced by simply outlawing tailor-made cigarettes.
Expected interest rate for the junk bond investment : a. What is the expected interest rate for the junk bond investment? b. Which investment will you choose if your utility function is given by U = (M2) ? c. Which investment will you choose if your utility function is given by U = (√M) ?
How will you respond to this concerned mother : How will you respond to this concerned mother? What are three things you can do to ensure you are attending to children's hand preferences

Reviews

Write a Review

Business Economics Questions & Answers

  National health service system

In the UK's National Health Service (NHS) system, the member hospitals are government owned and the doctors working in them are government employees.

  The impact of autonomous increase in foreign demand

Explain, in the IS/LM/BP framework with fixed exchange rates, the impact of an autonomous increase in foreign demand for a country’s exports upon the country’s national income, money supply, and balance of payments. If there is no impact on a variabl..

  Which of the policies is-are fiscal

Explain your policy combination in details (This is an open ended question) - Which of the policies is/are a monetary? - Which of the policies is/are fiscal? - What are the differences between monetary policies and fiscal policies?

  One important difference between an entrepreneurs manager

One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.

  Information and do business with each other

Define what is any arrangement that enables buyers and sellers to get information and do business with each other?

  Testing whether vehicle-ownership distribution in community

In a study of vehicle ownership, it has been found that 31% of U.S. households do not own a vehicle, with 48% owning 1 vehicle, and the remaining owning 2 or more vehicles. When testing (at the 10% level of significance) whether the vehicle-ownership..

  Affect income differently than an increase in government

A personal tax cut of $50 billion will affect income differently than an increase in government spending by $50 billion because:

  Explain events on the interest rate in the loanable funds

Explain the effect of the following events on the interest rate in the loanable funds market. Demonstrate you answer graphically. tax revenue is lower than expected and people expect cities to default on municipal bonds. They sell thier bonds and..

  How many chocolate boxes should the factory produce

Consider the situation a chocolate factory faces each year. The factory produces a special chocolate box for Valentine's day. Suppose a chocolate box costs $6 to make and sells for $9. Any box not sold by Valentine's day will be discounted to $4. Sup..

  Foreign exchange market to maintain balance

Explain how the balance of payments interacts with the supply and demand for the domestic currency in the foreign exchange market to maintain balance.

  Explain the rise in the price of a dollar

In August 2008, Mexican Pesos ere trading at $0.10 on the foreign exchange market. By November, they were down to $0.07, a decline of 30%. Explain the fall in the price of a Peso using supply and demand curves. In words, explain the rise in the price..

  Calculate the equilibrium quantity and equilibrium price

A local market for new wood pallets has daily demand described by P=178-0.2Q and supply described by P=85+0.1Q. Calculate the equilibrium quantity. Suppose a market has a supply described by P=3.0+0.1Q and a demand described by P=6.0-0.2Q. Calculate ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd