Steve is planning to divide his study time between English and calculus. It will take him two hours of study for each extra point in calculus and one hour of study to raise his English score by one point. He should allocate his time so that
a. the marginal utility of an hour spent studying calculus is twice the marginal utility of an hour spent studying English
b. the marginal utility of an hour spent studying English is twice the marginal utility of an hour spent studying calculus
c. the marginal utility per hour spent studying calculus equals the marginal utility per hour spent on English
d. he spends twice as much time on calculus as on English
e. he spends twice as much time on English as on calculus
C
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Realism and liberalism hold very different theories about international law. Theorists who promote realism see international law as a way to
a. strengthen the foundation of global politics. b. promote power politics and self-interest. c. regulate relations in mutually beneficial ways. d. redress much of the injustice in the world.
Refer to the figure above. If there is downward wage rigidity in the market, what will be the unemployment in the market after the demand curve shifts to LD2?
A) 20 units of labor B) 5 units of labor C) 10 units of labor D) 15 units of labor