Cara Is a Mechanic

question 82

Multiple Choice

Cara is a mechanic.She fixes three cars that will not start by replacing their batteries. When a fourth car is brought in and will not start,she assumes the problem is the battery.
Cara's assumption is based on

• A) functional fixedness.
• B) restructuring.
• C) a mental set.
• D) an analogy.

Identify the effects of changes in wage rates and resource prices on the quantity of labor and resources employed.

Apply the principle of profit maximization in the context of resource employment and analysis of labor demand curves.

Analyze the impact of changes in product price on the firm’s input demand in both perfectly and imperfectly competitive markets.

Calculate marginal revenue product (MRP) based on given data tables.

---

Definitions:

Indentured Servants

Individuals who were bound by a contract to work for another person for a specific period of time, often in exchange for passage to America, training, or other benefits during the 17th and 18th centuries.

Religious Conversion

The act of adopting a new religious belief that differs from the convert's previous belief system, sometimes involving a personal transformation and change in identity.

Slave From Bondage

A term indicating the liberation of individuals from conditions of slavery or involuntary servitude.