Related to the Economics in Practiceon page 215: A study ...

[mydiamond]

Question 1

Refer to the information provided in Figure 10.4 below to answer the question(s) that follow. 












Refer to Figure 10.4. At a market wage rate of $15, firms will hire ________ units of labor.

◦ 175
◦ 100
◦ between 0 and 99
◦ 0

Question 2

Related to the 
Economics in Practice on page 215: A study discussed in the 
Economics in Practice found that NFL teams that trade two lower draft picks for one higher pick tend to ________ player productivity and therefore ________ for that pick in terms of the draft-pick trade.

◦ underestimate; overpay
◦ underestimate; underpay
◦ overestimate; overpay
◦ overestimate; underpay

[spencer.martell]

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[mydiamond]

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