Answer:
the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.
Explanation:
Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.
An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.
The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).
Answer:
2A; 1/2A
Explanation:
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
To determine opportunity cost, add the total amount of good A and B produced by each country
Total quantity of good A produced by country 1 = 300
Total quantity of good b produced by country 1 = 150
opportunity cost of producing good B = 300A/ 150 = 2A
Total quantity of good A produced by country 2 = 225
Total quantity of good b produced by country 2 = 450
opportunity cost of producing good B = 225 / 450 = 0.5A
Ethos, pathos, and logos are identified by Aristotle as the three critical elements of good communication. Where Ethos is the reason people should believe what you’re saying, or essentially your credibility. While Pathos is creating an emotional connection. And Logos is the mode for appealing to others’ sense of reason, that equates to the term logic which employs strengths in analytical skills, problem solving and strategic thinking in which how leaders’ today express logical ideas in clear and convincing enough terms to convey results.
Answer: The correct answer is "B) Trade can make everyone better off.".
Explanation: <u>The principle that says that Commerce can make everyone better is the one that best describes this scenario.</u>
This happens because each state in question will specialize in what is most efficient. At the same time, the rest of the products in which they are most inefficient in terms of production will be imported.
Answer: A. $1200
Explanation:
The Gross Domestic Product of a nation is the dollar value of all FINAL goods produced within the borders of the said nation during a specific period of time, usually a year.
Final is highlighted because INTERMEDIATE goods are not included because if they were, the GDP would be OVERSTATED as there would be Double Counting of goods and services.
$1200 was the final price in the chain and will be counted in GDP as it encompasses all the processes the cloth went through.