A violinist will take no less than $40,000 a year touring with the Seattle Symphony Orchestra. Otherwise she would prefer to work as a music teacher in Seattle. The Orchestra actually pays her $75,000 . The rent component of her orchestra wage is

Which of the following students would be most likely to drop out of college before completing their degree? Select one:

a. a senior physics major with a solid B average b. a junior secondary education major who has just read about the substantial improvement in the job opportunities available for teachers with a college degree. c. an outstandingbaseball player in his junior year that just received a $500,000 offer from a professional team d. a junior economics major who wants to attend law school

If the price of milk rises, when is the price elasticity of demand likely to be the lowest?

a. immediately after the price increase b. one month after the price increase c. three months after the price increase d. one year after the price increase