Suppose That Philip Is the Best Contractor in Town, and He

question 493

Multiple Choice

Suppose that Philip is the best contractor in town, and he makes $400,000 a year. Suppose that Julia Roberts is the best and highest paid actress in Hollywood, and she makes $13 million per movie. Both are the best in their respective fields of work. One reason for the significant difference in incomes has to do with the nature of the service each offers. Philip's contracting services

• A)can be provided to an unlimited number of customers in a year, but Julia's work is sold to only a few individuals in a year.
• B)can only be provided to a limited number of customers in a year, but Julia's work is sold to millions of individuals in a year - i.e., to anyone who has the willingness and ability to pay for admission to her movies.
• C)can be provided to a unlimited number of customers in a year, and Julia's work is sold to millions of individuals in a year - i.e., to anyone who has the willingness and ability to pay for admission to her movies.
• D)can only be provided to a limited number of customers in a year, and Julia's work is sold to only a few individuals in a year.

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Definitions:

Stamens

The male reproductive organ of a flower, typically consisting of a filament and an anther where pollen is produced.

Sepals

Leaf-like parts that make up the outermost portion of a flower, typically green and functioning to protect the developing flower bud.

Petals

The colorful parts of a flower that are often brightly colored to attract pollinators and protect the reproductive structures within.

Eudicots

A classification of flowering plants (angiosperms) that are characterized by having two seed leaves (cotyledons).