The equilibrium price of peanut butter is $5. a study comes out that says the fat in peanut buffer is good for your heart. holding all other factors constant, which of the following scenarios could happen?
a. the price of peanut butter increases to $7 because of a supply shift.
b. the price of peanut butter decreases to $4 because of a supply shift.
c. the price of peanut butter decreases to $4 because of a demand shift.
d. the price of peanut butter increases to $7 because of a demand shift.
e. the price of peanut butter increases to $7 because of a demand and a supply shift.
Answers: 1
Business, 21.06.2019 23:00, alexis3060
Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.
Answers: 2
The equilibrium price of peanut butter is $5. a study comes out that says the fat in peanut buffer i...
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