Given that Sandy can produce 10 economics reports or 2 sales calls and Tim can produce 2 economics reports or 1 sales call, which of the following would NOT be a mutually agreeable terms of trade for Sandy and Tim?
A) 1 economics report for 1 sales call
B) 1 sales call for 3 economics reports
C) 1 sales call for 4 economics reports
D) 1 economics report for 1/4 of a sales call
A
Economics
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Why might population growth and immigration stimulate economic growth?
What will be an ideal response?
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A dedicated professor loves being in the classroom and would teach for $50,000 per year, but he is actually paid $60,000 per year. This individual
A) receives economic rent of $1100,000. B) has an opportunity cost of $110,000. C) has an opportunity cost of $50,000. D) receives economic rent of $10,000.
Economics