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Author Question: American Idol is a popular television program where contestants compete to win a 1 million record ... (Read 89 times)

darbym82

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on: Jun 29, 2018
American Idol is a popular television program where contestants compete to win a 1 million record deal. To determine the winner, fans either dial the number or send a text message indicating their favorite contestant.
 
  The contestant with the highest number of texts and phone calls wins. What is the scarce resource in this example? A) 1 million record deal
  B) television ratings
  C) phone calls and text messages
  D) fans

Question 2

If the wage rate paid in the fast-food outlets in a small town is greater than the reservation wage of all the teenagers in the town and less than the reservation wage of all the adults, then the fast-food outlets will hire ________.
 
  A) mostly adults and a few teenagers
  B) some adults and some teenagers
  C) only adults
  D) only teenagers


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spencer.martell

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


darbym82

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Reply 2 on: Jun 29, 2018
Excellent

Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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