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maxonik [38]
2 years ago
8

Suppose a total of​ 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the

previous three​ years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of​ 3,200 students who have enrolled to take the entrance exam of which only up to​ 2,500 of those who passed would get in. Based on either the​ students' perspective or the college​ perspective, what combination of economic key concepts does the situation​ follow? A. Optimization and empiricism B. Equilibrium and empiricism C. Optimization and equilibrium D. ​Optimization, equilibrium, and empiricism
Business
1 answer:
melisa1 [442]2 years ago
7 0

Answer:

D. Optimization, Equilibrium and Empiricism.

Explanation:

Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.

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C.

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Data mining is the process of extracting information from the company´s various databases and reorganizing it for porposes other than what the databases were originally intended for.

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3 years ago
Assume that abby, ben, clara, joe, and matt are the only citizens in a community. A proposed public good has a total cost of $10
STatiana [176]

Answer: In a majority vote, this proposal will most likely be accepted.

Explanation:

The cost of the proposed public goods is $1000, which will be shared equally among the 5 people. So, per person share on the provision of public good will be,

=\frac{1000}{5}

=$200

Since, Abby, Ben and Clara value the good more than the cost they will vote in favor of the provision. But Joe and Matt value it less than the cost so they will vote against the provision.

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]Value to Matt is $120 which is less than $200.

So since 3 people out of 5 vote in favor of the proposal, the public good will be provided.

8 0
3 years ago
Edward applied to Harris-Teeter Foods for a manager’s job. His work history includes 8 years as a cashier. His references say he
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Based on the information given this is an example of : hiring an external candidate.

<h3>
What is external candidate?</h3>

Hiring an external candidate means to employ a candidate or new employee which is not an existing or current employee of the organization that employed him.

Based on the given scenario Edward is an external candidate who was hired by HT to fill in a management position which inturn means that  Edward is not an existing employee of Harris-Teeter Foods.

Inconclusion this is an example of : hiring an external candidate.

Learn more about hiring an external candidate here:brainly.com/question/6082099

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2 years ago
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