What is the conclusion that was probably incorrect

Assignment Help Microeconomics
Reference no: EM13188704

A student football team manager considered the potential variables that related to the probability that the team would win. The manager concluded that they were most likely to win when the third-string team played the most, and he therefore recommended that the third-stringers should become the first string. what is the conclusion that was probably incorrect because the manger.

Reference no: EM13188704

Questions Cloud

What is being bought and sold in each direction : According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one found in this chapter to represent the sector of the economy devoted to collage education.
Find the volume of water in the pool : A swimming pool is circular with a 40-ft diameter. The depth is constant along east-west lines and increases linearly from 4 ft at the south end to 5 ft at the north end. Find the volume of water in the pool. (Round the answer to the nearest whole..
What would the costs of each action be : Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Find the work done in pulling the bucket : The bucket is filled with 38 lb of water and is pulled up at a rate of 5 ft/sec, but water leaks out of the bucket at a rate of 0.4 lb/sec. Find the work done in pulling the bucket to the top of the well.
What is the conclusion that was probably incorrect : The manager concluded that they were most likely to win when the third-string team played the most, and he therefore recommended that the third-stringers should become the first string.
How did christianity spread in the new latin christendom : How did Christianity spread in the new Latin Christendom? What tools were used by rulers and church officials to spread Christianity. After the fall of the Roman Empire, new Germanic kingdoms arose and became known as Latin Christendom blending Latin..
What is structured programming : What does it mean to say that a programming language is machine independent and name and describe four different programming paradigms.
What are the arguments for using real per capita gni : Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
Describe different views of native and euro-american culture : Describe the different views of Native American and Euro-American culture on the intersexed child, or "two-spirit." How have anthropologists in their studies of culture and personality contributed to our understanding of gender roles and personality ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Supply and demand curve to provide an explanation

The French government has recently increased the retirement age, a decision which is opposed through a large fraction of the French public, especially in students

  Relevant and irrelevant costs

Illustrate and fully describe using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost (a cost whose value does not affect the optimal decision) to the business regarding this decisi..

  Multiple choice questions related to microeconomics

Assume buyers in the used car market are willing to pay $3,500 for a plum used car and $1,500 for a lemon used car. If buyers believe that thirty percent of the used cars.

  Draw the world relative supply curve rs for good x

Draw the world relative supply curve RS for good X. Label all the axes (relative price of good X on the vertical axis and world output of x relative to y on the horizontal axis) and the relevant points.

  Monopoly over production

What is the profit-maximizing level of output of master cream (in bottles)? What is the profit-maximizing price? What is the maximum level of profit?

  What accounts for specialization

When it is observed that as the price of Mercedes-Benz cars rises, the quantity demanded also rises, what might one likely explanation be? What accounts for specialization?

  Questions on opportunity cost

Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?

  Who supported the dodd-frank bill

Could it be possible that a government regulation led to flash crash and what does it mean "it's like a balloon"? What is like a balloon? Why is it like a balloon?

  What is the profit maximizing price

What is the amount of money that will be raised and invested and what is the profit maximizing price that Joe should charge for his services?

  Explain difference between substitutes and complements

7, recent tax reforms make college tuition partially tax deductible for certain families. this should motivate more people to attend college. how will this higher demand for college education affect tuition prices how will it affect the cost of co..

  Define product price of a product

A firm produces a product with a fully allocated average cost equal to $20.  If the price elasticity of demand for the product is -5,what should the product price be set at?

  Income-elasticity of demand coefficient

Use the arc-approximation formula to calculate the price-elasticity of demand coefficient of a firm's product demand between the (quantity,price) points of (50, $10) and (54, $8).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd