The Roomba 570 is a robotic vacuum cleaner made and sold by iRobot. It can vacuum 4 rooms on a single battery charge and it costs $10 worth of electricity to charge the Roomba
Lynn is a house cleaner and can vacuum 4 rooms in 1/2 hour with a traditional vacuum. Suppose you want the 4 rooms in your house vacuumed once a week for one year. Ignoring the cost of any electricity Lynn uses, which method is economically efficient if Lynn charges $20 per hour? $30 per hour? A) Lynn if she charges $20 or $30 per hour
B) Lynn if she charges $20 per hour and Roomba if Lynn charges $30 per hour
C) Roomba if Lynn charges $20 per hour and Lynn if she charges $30 per hour
D) Roomba if Lynn charges $20 or $30 per hour
A
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Differentiate between the two types of altruism
What will be an ideal response?
Producers of tablet computers will be able to lower the wage rate that they pay to their workers. You are asked to predict the effects on the supply of tablet computers, and the price of a tablet computer. You predict that the supply curve shifts
A) rightward, and the price is constant. B) leftward, and the price is constant. C) rightward, and the price falls. D) leftward, and the price rises.