Suppose That in Enigma, Ohio, Klutzes Have a Productivity of $1,000

question 5

Multiple Choice

Suppose that in Enigma, Ohio, klutzes have a productivity of $1,000 and kandos have a productivity of $4,000 per month. You can't tell klutzes from kandos by looking at them or asking them, and it is too expensive to monitor individual productivity. Kandos, however, have more patience than klutzes. Listening to an hour of dull lectures is as bad losing $200 for a klutz and $150 for a kando. There will be a separating equilibrium in which anybody who attends a course of H hours of lectures is paid $4,000 per month and anybody who does not is paid $1,000 per month

• A) if 15 < H < 20.
• B) if 15 < H < 40.
• C) for all positive values of H.
• D) only in the limit as H approaches infinity.
• E) if 12.50 < H < 16.67.

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Indicates the various expressions and manifestations of culture, including art, music, literature, and traditions, which embody the values and norms of a society.

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The collection of customs, beliefs, art, and way of life that is specific to a geographical area, community, or group, distinct from global or dominant cultures.

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The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment, aided by information technology.