User Account

All Pages

Marginal expense of getting a good science teacher

Assignment Help Business Economics
Reference no: EM131426830

Regardless of expertise, a public school pays all teachers the same annual wage. At $70,000 it hires good teachers in all areas except science. Because science is a field in demand, the school can only hire poor science teachers. It would have to pay science teachers $90,000 to hire good science teachers. If one out of five teachers is a science teacher, what is the marginal expense of getting a good science teacher instead of a poor one?

-$90,000

-$100,000

-$20,000

-$450,000

If possible, explain your answer and tell me what your credentials regarding economics are.

Reference no: EM131426830

Questions Cloud

Task of developing a report : Scenario: Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thou..
How debt ratios are likely to differ in the three firms : In firm 3, the board has very little control over either investment, operating, or financing decisions. Describe how debt ratios are likely to differ in the three firms
How does anti-fat bias impact the workplace : How does anti-fat bias impact the workplace? Explain how those who are young and believe in ageism could be victims of their own mentality? Name four things a manager could do to help a transitioning employee?
Define who you are to a potential employer : List and describe at least three areas that can help define who you are to a potential employer. Here are some of the suggested areas to focus.
Marginal expense of getting a good science teacher : It would have to pay science teachers $90,000 to hire good science teachers. If one out of five teachers is a science teacher, what is the marginal expense of getting a good science teacher instead of a poor one?
What can happen when we repress unpleasant feelings : What can happen when we repress (stuff) unpleasant feelings and why is it so important to express these feelings in a healthy manner?How can a clients' perception of therapy and of us (as counselors) affect the therapy process? What can we (as cou..
Changes do companies make in response to environmental : What kinds of changes do companies make in response to environmental uncertainty? What are the most common mistakes you think business executives make or overlook that could prove costly to them? How in a free society like the U.S., can a small group..
Human activity to study by economics : This means that economists looks at our limited resources - like money, time, energy, intelligence etc. - and how we decide what the best choices are for how to use them, with the goal of maximizing the benefits. As you can see, this opens up almo..
Explain your idea for a new tv or movie program : Write a 350- to 700-word pitch to either a movie or television producer. Your pitch will explain your idea for a new TV or movie program that is based on current market trends.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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