Author Question: Kelly is an attorney and also an excellent typist. She can type 120 words per minute, but she is ... (Read 114 times)

mikaylakyoung · **on:** Jun 30, 2018

Kelly is an attorney and also an excellent typist. She can type 120 words per minute, but she is pressed for time because she has all the legal work she can handle at 75 per hour. Kelly's friend Todd works as a waiter and would like some typing work (provided that he can make at least his wage as a waiter, which is 25 per hour). Todd can only type 60 words per minute.
a. Kelly should do all the typing because she is faster.
b. Todd should do the typing as long as his earnings are more than 25 and less than 37.50 per hour.
c. Unless Todd can match Kelly's typing speed, he should remain a waiter.
d. Todd should do the typing, and Kelly should pay him 20 per hour.

Question 2

If real GDP per capita is increasing, real output is:
a. growing less rapidly than the population.
b. growing more rapidly than the population.
c. growing at the same rate as the population.
d. growing more rapidly than are prices.