Author Question: The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs ... (Read 92 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs of bubble gum per hour. Joanne's money wage rate is 12 per hour. If a packet of bubble gum sells for 1.00, then
 
  A) Joanne is creating a 2.00 per hour profit for the firm.
  B) Joanne is creating a 2.00 per hour loss for the firm.
  C) the Bubby Gum company should pay Joanne more.
  D) the Bubby Gum company should decrease the price of the bubble gum so it sells more and makes a larger profit.
  E) None of the above answers is correct because more information about Joanne's real wage is needed to decide what to do.

Question 2

A time-series graph measures
 
  A) the value of one variable against the value of another variable.
  B) the value of an economic variable for different groups in a population at a point in time.
  C) time on the x-axis and the variable or variables in which we are interested on the y-axis.
  D) time on both the x-axis and y-axis and the variable or variables in which we are interested in the rest of the figure.
  E) time on the y-axis and the variable or variables in which we are interested on the x-axis.



sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library