Blog

If you want to take advantage of Extra Credit Opportunities 3 and 4, by when do you need to submit opportunities 1 and 2?

True or False: Students may submit their extra credit profiles and notes any time between October 1 and November 21. However, after submitting two extra credit profiles and notes, students MUST wait for grades from the instructor before they may submit the next two. You should expect grading to take at least one week per profile.

How many free absences do all students receive before additional absences begin to negatively affect their grade?

How many Research Notes and Athlete Profiles will you complete in this course?

How many of your reading quizzes will be dropped in this course?

Choose the answer that contains a sentence with a subordinating conjunction used correctly.

Pencils sell for 10 cents and pens sell for 50 cents. Suppose Jack, whose preferences satisfy all of the basic assumptions, buys 5 pens and one pencil each semester. With this consumption bundle, his MRS is 3, assuming pencils are on the y-axis and pens are on the x-axis. Which of the following is true?

Consider the figure below.  At a price of $4, there would be

You operate a car detailing business with a fixed amount of machinery (capital), but you have recently altered the number of workers that you employ per hour. Three employees can generate an average product of 4 cars per person in each hour, and five employees can generate an average product of 3 cars per person in each hour. What is the marginal product of labor as you increase the labor from three to five employees?

Joe owns a coffee house and produces coffee drinks under the production function Q = 3KL where Q is the number of cups generated per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). Joe currently has three coffee machines (i.e., K = 3). What is his short-run production function?