Studies have found that there is a relationship between height and productivity. Briefly explain
Studies show that taller workers tend to earn more income per hour. Because wages reflect a worker's productivity, this suggests that taller workers tend to be more productive.
Economics
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The graph below represents the market for alfalfa. The equilibrium price is $7.00 per bushel, but the market price is $9.00 per bushel
Identify the areas representing consumer surplus, producer surplus, and deadweight loss at the equilibrium price of $7.00 and at the market price of $9.00.
Economics
What is one reason a gambler might bet $1,000 that a team that is ranked sixteenth will win the NCAA basketball tournament?
A) irrationality B) overconfidence C) exuberance D) gambler's fallacy
Economics