Business, 27.02.2020 21:55 athenareyes420

At Ultrinsic. com, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 15 students from your economics class each pay $70 to enter a grades-based contest. This would create a $1050 prize pool. An equal share of the $1050 pot is awarded at the end of the term to each contestant who earns an A in the course. If four students earn A’s, each receives $262. If only one student earns an A, that person gets the entire $1050 pot. What economic concept does Ultrinsic. com use to encourage participants to learn more and get better grades? A. incentives B. trade creates value C. trade-offs D. opportunity costs E. marginal thinking

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:40, nessabear9472

Prairie, inc. produces one single product. it has an annual capacity of 10,000 units, but currently uses only 80% of it. each unit is sold for $50 and requires direct material worth $30 and direct labor worth $5. manufacturing overhead cost is $10 per unit of which 70% is variable. should a special order to sell 1,000 units at $44 be accepted? yes no

Answers: 2

continue

Business, 22.06.2019 10:10, AdamFrost

An investment offers a total return of 18 percent over the coming year. janice yellen thinks the total real return on this investment will be only 14 percent. what does janice believe the inflation rate will be over the next year?

Answers: 3

continue

Business, 22.06.2019 19:30, jaybeast40

Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]

Answers: 1

continue

Business, 22.06.2019 22:50, emanuelmorales1515

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility. output for facility 1: output for facility 2: c. determine the profit-maximizing price.$

Answers: 3

continue

You know the right answer?

At Ultrinsic. com, students pay a small entry fee to compete in grades-based contests for cash prize...