Conan O'Brien Hosts the Conan Show and Andy Richter, His

question 67

Multiple Choice

Conan O'Brien hosts the Conan show and Andy Richter, his sidekick, writes for it. Conan needs 4 hours to rehearse and host a good show. It takes Andy 10 hours to do the same. Conan writes one usable joke in an hour, but Andy needs 2 hours to do the same. Andy's opportunity cost of writing a single usable joke is:

• A) 0.2 units of hosting.
• B) 0.25 units of hosting.
• C) 0.5 units of hosting.
• D) 1 unit of hosting.

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Definitions:

Labor Markets

The supply and demand for labor, where employers seek to hire workers and workers look for jobs, influenced by factors like wages, labor conditions, and economic policies.

Consumer Price Index

An index that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.