John obtains the following demand model for beef Q =9274.145–358.124P using a data set of 120 observations, where Q is measured in pounds and P is measured in dollars per pound. We change the measurement of quantity from pounds to thousand pounds; we also change the measurement of price from dollars per pound to dollars per thousand pounds. For example, if Q used to be 200 (which means 200 pounds), now it is 0.2 (which means 0.2 thousand pounds); if P used to 5 (which means 5 dollars per pound), now it is 5000 (which means 5000 dollars per thousand pounds). If we re-estimate the model using the same data except the above changes, what is the new slope? a. - 0.358
b. - 358.124
c. - 3.581
d. - 358124
e. - 0.000358

Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication