1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serjik [45]
3 years ago
9

Movie stars such as Salma Hayeck, Samuel L. Jackson, Dwayne Johnson, and Jennifer Lawrence are paid millions of dollars per movi

e, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be? While the supply of (major film stars OR doctors and nurses) is small and relatively fixed in the short run, the demand for (the average doctor or nurse OR movies featuring these film stars) is quite large globally. By contrast, the marginal benefit of the services provided by (major film stars OR doctors and nurses) is relatively low, although the total benefit is quite high. This illustrates the diamond-water paradox. True or False
Business
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

False

The diamond-water paradox is illustrated by stating that the marginal benefit of the services provided by doctors and nurses is relatively lower than the marginal benefit of the services provided by major film stars.  This implies that the supply of doctors and nurses is larger than the demand while the demand for major film stars is larger than the supply.

Explanation:

The marginal utility derived by film consumers from major film stars is higher than the marginal utility derived by patients from doctors and nurses. This is because consumers of the services of major film stars are willing to pay more for the services than consumers of the services of doctors and nurses. Though health is more crucial to life than films, but consumers place more utility value on films than they do on their health, especially after attaining the basic sound health. This actually explains the diamond water paradox, where consumers value diamond and are willing to pay more for diamond than they are willing to pay for life-sustaining water. In a layman's language, people are more willing to value the satisfaction they derive from one more additional film than they are to value the satisfaction they derive from additional healthcare. That means that people only care for the basic in healthcare. But, they can stake more to acquire more diamond.

You might be interested in
faiz enters into a contract to buy 350 acres from grain farm to cultivate hops and open a brewery. faiz fails to make the purcha
Debora [2.8K]

Based on the fact that Falz failed to make the purchase, Grain Farm most likely has the remedy of C ) Pay the difference between contract price and market price.

<h3>What is Grain farm to do?</h3>

When a buyer (Falz) gets into an agreement to buy a land or property and fails to do so, this falls under real estate and damage.

Under real estate and damage, the buyer  would then have to pay the seller (Grain Farm) a remedy which would be the difference between the market price of the property and the contract price.

Options for this question include:

  • the amount that Faiz expected to invest in the brewery
  • a percentage of Faiz's unrealized profit.
  • the difference between the contract and market prices of the land.
  • nothing-Grain Farm still owns the land.

Find out more on contract remedy at brainly.com/question/28480342

#SPJ1

7 0
1 year ago
Yolanda has osteoarthritis of the left knee for which she is receiving acetaminophen 1000mg every six hours. She rates her pain
cupoosta [38]

Answer:

The correct answer is True.

Explanation:

Osteoarthritis is the most common form of arthritis and affects millions of people worldwide. It occurs when the protective cartilage that cushions the ends of the bones wears out over time.

Although osteoarthritis can damage any joint, the disorder most commonly affects the joints of the hands, knees, hips and spine.

The symptoms of osteoarthritis can usually be controlled, although joint damage cannot be reversed. Staying active, maintaining a healthy weight and some treatments can delay the progression of the disease and help improve pain and joint function.

8 0
3 years ago
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical
user100 [1]

Answer:

MPLF/MPLC; becomes steeper

Explanation:

The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to MPLF/MPLC and it becomes steeper as more cloth is produced.

Where

- MPLC is Marginal Product of Labor for Cloth.

- MPLF is Marginal Product of Labor for Food.

5 0
2 years ago
Read 2 more answers
Wanda owns a lemonade stand. she produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. her costs per
kari74 [83]
The cost of making one cup of lemonade = 0.01 + 0.02 + 0.03 + 0.02 + 0.10 = 0.18
Wanda sells a cup of lemonade for 0.50, thus, she always make a gain of 0.32 on each cup of lemonade. That is, Profit = 0.50 - 0.18 = 0.32.
For 300 cups of lemonade, Wanda profit's will be 0.32 * 300 = 96
Therefore, Wanda's economic profit is $96.
7 0
3 years ago
_______________ involves you imagining yourself achieving your final goal.
otez555 [7]
I’d say Outcome visualization since it involves seeing yourself achieving your goal.
3 0
2 years ago
Read 2 more answers
Other questions:
  • Tyrone wants to spend $15,000 on a new car three years from now. He opens a savings account and deposits $3,250 today. One year
    8·1 answer
  • In its first year of operations, Woodmount Corporation reported pretax accounting income of $500 million for the current year. D
    15·1 answer
  • Rowan Quinn Company manufactures kitchen appliances. Currently, it is manufacturing one of its components at a variable cost of
    14·1 answer
  • Choose the statement that is incorrect.
    8·1 answer
  • At the end of the current period, Maltese, Inc. reports the following amounts: Assets = $52,300; Liabilities = $21,100; Dividend
    9·1 answer
  • Whole foods differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. this
    11·1 answer
  • Question 2 of 20
    11·2 answers
  • (1 point) When one rents an apartment, one is often required to give the landlord a security deposit that is returned if the apa
    15·1 answer
  • Please help me with this question.
    8·1 answer
  • Practices and processes that encourage the use of external as well as internal ideas in order to create new products and service
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!