# Sarah is a high school graduate and james is a college graduate. Which of the following statements is true?a. Sara is likely to have more human capital than James.b. James is likely to have more human capital than Sara.c. Both Sara and James are likely to earn the same wage in the labor market.d. Both Sara and James are likely to have the same amount of human capital.

B because James has a college degree

## Related Questions

Croissant Company's standard fixed overhead cost is \$6 per direct labor hour based on budgeted fixed costs of \$600,000. The standard allows 1 direct labor hour per unit. During the current year, Croissant produced 110,000 units of product, incurred \$630,000 of fixed overhead costs, and recorded 212,000 actual hours of direct labor. What is the standard activity level on which Croissant based its fixed overhead rate?

Standard activity level= 100,000 units

Explanation:

Giving the following information:

Croissant Company's standard fixed overhead cost is \$6 per direct labor hour based on budgeted fixed costs of \$600,000. The standard allows 1 direct labor hour per unit.

Standard activity level= 600,000/6= 100,000 units

In response to a change in the price of good X from \$10 to \$6, the quantity demanded of good X increases from 100 to 150 units. What is the price elasticity of demand for good X? (Use the midpoint formula and express as a decimal - e.g. 0.2)

- 0.80

Explanation:

Price elasticity of demand describes the extent to which the quantity demanded of good X changes as result of a change in its own price.

The midpoint formula for price elasticity of demand is presented and used as follows:

Percentage change in quantity = %ΔQ = [Q2 - Q1] / [(Q2 + Q1) ÷ 2] × 100

Percentage change in quantity = %ΔP = [P2 - P1] / [(P2 + P1) ÷ 2] × 100

Midpoint price elasticity of demand = %ΔQ / %ΔP

Where:

Q2 = New quantity of good X = 150

Q1 = Initial quantity of good X = 100

P2 = New price of good X = \$6

P1 = Initial price of good X = \$10

Therefore,

Percentage change in quantity = %ΔQ = [150 - 100] / [(150 + 100) ÷ 2] × 100

= [50/(250 ÷ 2)] × 100

= (50/125) × 100

= 40.00%

Percentage change in quantity = %ΔP = [\$6 - \$10] / [(\$6 + \$10) ÷ 2] × 100

= [-\$4/(\$16 ÷ \$2)] × 100

= (-\$4/\$8) × 100

= - 50.00%

Price elasticity of demand = 40% / 50% = - 0.80

The elasticity of demand of -0.80 less than 1. That indicate that the quantity demand is inelastic. That is the change in the degree of change in the quantity demanded of good X is lower than the degree of change in its price.

Which of the following statements about federal student loans is TRUE? A

The interest rate on your loan will be fixed over time.

B

The interest rates on federal loans and private loans are similar.

C

You can only get federal student loans if you demonstrate financial need.

D

You do not accumulate interest on federal loans.

A

The interest rate on your loan will be fixed over time.

The publisher from needs to change his calculations. Before the book is actually produced, rising paper costs increase variable costs to \$2.10 per book. If the company wants to start making a profit at the same production level as before the paper cost increase, for how much should they sell the book now?

As the variable cost increased by \$2.10 per book so if publisher wants to start making profit at same level of production then it should increase the selling price of the book by \$2.10. As the increase in cost and selling price will be same so the publisher will also start making profit at same production level.

An investor owns \$3,000 of Adobe Systems stock, \$6,000 of Dow Chemical, and \$7,000 of Office Depot. What are the portfolio weights of each stock? (Round your answers to 4 decimal places.)

0.1875; 0.375; 0.4375

Explanation:

Given that,

Dow Chemical = \$6,000

Office Depot = \$7,000

Total Value of stock:

= Adobe Systems stock + Dow Chemical + Office Depot

= \$3,000 + \$6,000 + \$7,000

= \$16,000

Portfolio weights of Adobe Systems stock:

= Value of Adobe Systems stock ÷ Total Value of stock

= \$3,000 ÷ \$16,000

= 0.1875

Portfolio weights of Dow Chemical stock:

= Value of Dow Chemical stock ÷ Total Value of stock

= \$6,000 ÷ \$16,000

= 0.375

Portfolio weights of Office Depot stock:

= Value of Dow Chemical stock ÷ Total Value of stock

= \$7,000 ÷ \$16,000

= 0.4375

The portfolio weights of each stock:

Dow Chemical ;

Office Depot

Explanation:

Given:

Dow Chemical

Office Depot

Step 1:

Total Value of stock:

Step 2:

Portfolio weights of particular stock:

Dow Chemical stock

Office Depot stock

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Which of the following is not possible?a. Demand is elastic, and a decrease in price causes an increase in revenue.b. Demand is unit elastic, and a decrease in price causes an increase in revenue.c. Demand is inelastic, and an increase in price causes an increase in revenue.d. Demand is perfectly inelastic, and an increase in price causes an increase in revenue.

The answer is b. Demand is unit elastic, and a decrease in price causes an increase in revenue

Explanation:

If a demand is unit elastic, any changes in price has no impact on the total revenue. Any changes in price will be balanced by any equivalent changes in quantity but in the opposite direction. So, revenue which is a product of price and quantity demanded will remain constant or unchanged that is ( i.e) there will be no change in revenue.

Take for example, if a price falls by 10%, demand increases by 10% and vice-versa, no change in total revenue as total revenue is a product of price and quantity.

The demand function will be PQ=K where P is price, Q is Quantity and K is a constant so any change in P is matched by Q so that product ( total revenue) remains the same as K

So with this explanation above option b is not possible

b. Demand is unit elastic, and a decrease in price causes an increase in revenue

Explanation:

According tothe revenue theory in economics

when the demand is inelastic the relationship within price and total revenue is direct. either both increases or decreases

when the demand is elastin this relationship is inverve, teh increase in price generates a decrease in total revenue

while their decrease an increase.

But, if the demand is unit elastic then, there is no variation at all

According to this theory, option B is impossible.

Hey should fiscal policy government spending increase

Contractionary fiscal policy calls for a decrease in government spending and an increase in taxes. This is used as a macroeconomic tool to slow down an economy by a country's central bank or fiance ministry. contractionary fiscal policy reduces the money supply and ultimately the country's spending

What do you risk in a financial deal