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

question 13

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 as losing $150 for a klutz and $50 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 20 < H < 60.
• B)if 20 < H < 120.
• C)only in the limit as H approaches infinity.
• D)for all positive values of H.
• E)if 16.67 < H < 50.

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Definitions:

O-chlorotoluene

An aromatic compound where a chlorine atom is ortho (adjacent) to the methyl group on a benzene ring.

Compound Name

A name given to a chemical substance that describes its molecular components.

Compound Name

The systematic or common name given to a chemical substance based on its composition and structure.

Aromatic

Refers to organic compounds containing one or more planar rings of atoms that are stable due to resonance of bonding electrons.