Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 7, Problem 8Q
To determine
The effect on students’ incentive to study when the teacher decides to give highest grade to all students.
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Should grades in an economics class be rationed according to the dollar price instead of how well students do on exams? If they write and prospective employers heard of it, what effect might this have on the value of your college degree?
What is your opportunity cost for taking the time to study for a test?
In capitalist economy, does it project a fair price for the consumer?
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Microeconomics (2nd Edition) (Pearson Series in Economics)
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