If the Principles of Economics Section Is Three Credit Hours

question 92

Multiple Choice

If the principles of economics section is three credit hours and an instructor teaches two sections with 100 students in each and tuition and fees at your school are $500 per credit hour, then the marginal revenue product for your school from hiring that instructor that semester is

• A) $500.
• B) $1500.
• C) $150,000.
• D) $300,000.

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Definitions:

Structural Functionalism

This theory posits that society functions as an intricate system, with its components cooperating to maintain cohesion and steadiness.

Social Feature

An aspect or characteristic of society that influences human behaviors, interactions, and relationships.

Universal Social Theory

A theory or perspective in sociology that strives to provide a general framework for understanding the diverse phenomena of society across all cultures and historical periods.

Iron Cage

Max Weber’s pessimistic description of modern life, in which we are caught in bureaucratic structures that control our lives through rigid rules and rationalization.