Tiffany Has Just Graduated from Stanford University and Has Applied

question 140

Multiple Choice

Tiffany has just graduated from Stanford University and has applied for a job as an engineer at a manufacturing plant. The manufacturer decides to offer Tiffany a job because it perceives she's gained valuable skills while at Stanford. To which of the following views of education does the manufacturer subscribe?

• A)signaling
• B)human-capital view
• C)compensating-differentials
• D)superstar

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Definitions:

Market Will Bear

The maximum price that consumers are willing to pay for a product or service in a given market.

Fixed Costs

Expenses that do not change with the level of goods or services a business produces, such as rent, salaries, and loan payments.

Pen Rentals

The service of lending pens, typically for temporary use, possibly related to specific events or locations where writing instruments are required.

Monthly Profit

The net income achieved by a business over the course of a single calendar month after all expenses have been deducted from total revenue.