The socialization rationale for public education implies that private schools _____
a. are more segregated along class and perhaps racial lines
b. are more homogenous
c. are often organized around an exclusionary orientation
d. all of the above
d
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A ten-year-old boy spent his allowance on a soccer ball and a baseball glove. He said he could not be happier buying anything else. The price of the ball was $5, while the price of the glove was $10 . If the marginal utility he received from the ball was 15 utils, then:
a. the marginal utility he received from expenditure on the glove was 3 utils. b. the marginal utility he received from expenditure on the glove was 30 utils. c. the total utility per dollar he received from expenditure on the glove was 3 utils. d. the total utility per dollar he received from expenditure on the glove was 10 utils. e. the marginal utility he received from the expenditure of the glove was 10 utils
Because models are used to explain economic behavior
A) the assumptions must be complex while the models themselves are simple. B) models must be complex. C) models must be simple. D) models can be either simple or complex so long as it explains economic behavior.