A ticket to see the Radio City Rockettes costs $90. You buy a ticket for $30 to see the New York Jets play football. The money price for
A) the Rockettes ticket is $90 and the relative price is 3 Jets tickets per Rockette ticket.
B) the Rockettes ticket is 3 Jets tickets per Rockette ticket and the relative price is $90.
C) a Jets ticket is $30 and the relative price is 3 Rockettes tickets per Jets ticket.
D) a Jets ticket is $30 and $3 for a Rockettes ticket.
A
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People are said to have ________ if they use all available information in forming their expectations.
A. unbiased prognostication B. rational expectations C. psychic insight D. insider information
Other things equal, the supply of labor will be higher to a job that
a. requires a supervisor to closely monitor employee performance b. provides few opportunities for training c. has a starting time of midnight d. requires advanced skills or education e. has more amenities