Based on general trends, which employee will earn the most?
a. Raul, who has a doctorate
b. Lindsey, who dropped out of high school
c. Carmi, who took some online classes after high school
d. Benji, who earned an associate’s degree
a. Raul, who has a doctorate
Economics
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A firm increases its output and its average total costs remain unchanged. Is the firm experiencing increasing returns to scale, constant returns to scale, or decreasing returns to scale?
What will be an ideal response?
Economics
In a coin toss bet, where both heads and tails are equally likely, you win a dollar on heads but lose a dollar on tails. The expected value of the bet is
a. $0.50 b. -$0.50 c. $1.00 d. $0.00
Economics