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

  What is the total amount of output the firm

What is the TOTAL amount of output the firm should produce and approximately how much output should the firm allocate to market 1?

  Explain why the cost to heat our homes and businesses rises

1. Which economic system is best suited for handling a crisis of epic proportion (hurricane, flood, blizzard, forest fire, and so forth)? Why? 2. Describe and explain why a socialist system might be the best in responding to the needs of people st..

  How the equilibrium price and equilibrium quanity changes

Milk becomes more popular amd better feed increases milk production. how do these events influence demand and supply  describe how the equilibrium price and equilibrium quanity changes.

  Theory in engineering economics

Why is a common analysis period necessary in comparing mutually exclusive alternatives by the "Present Worth Method", but is not necessary in the "Equivalent Uniform Annual Cash Flow method"?

  Explain how market equilibrium is restored.

If the price of a mouse pad is $7.00, describe the situation in the market. Explain how market equilibrium is restored. What is the market equilibrium if a fall in the price of a computer changes the quantity demanded of mouse pads by 20 a week at e..

  Was the boards refused to remove the poison pill

However, the offer was contingent upon the Wallace board eliminating the poison pill. Wallace consulted with its investment banker, which advised the company that the offer was inadequate but did not inadequate. Both the board and its banker belie..

  Draw the isoquant for an output level

Consider a company that uses two inputs. The quantity used of input one is denoted by x_1 and quantity used of input 2 is denoted by x_2.

  Breakeven level-degree of operating leverage

Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. What is the breakeven level of daily output for the firm?

  Economy fundamentals

Which is not a factor of production? Which is not one of the five fundamental questions that an economy must deal with?

  Why dont firms continue to get infinitely larger

Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.

  How many engineers and how many technicians should be hired

The wage paid to engineers is $4000, while technicians, who are not as skilled as engineers, receive $2000. The firm's budget on a particular project is $28,000. How many engineers and how many technicians should be hired in order to maximize p..

  Determining profit outcome

A firm is making production plans for upcoming quarter, but the manager doesn't know what the price of the product will be next month. She thinks there is a 30 percent chance price will be $500 and a 70 percent chance price will be $750.

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