Multiple Choice
Savannah is an attorney and also an excellent typist. She can type 120 words per minute, but charges attorney fees at $80 per hour. Matt would like some typing work but can only type 60 words per minute. The economic efficiency criterion indicates
A) Savannah should do the typing.
B) Matt should do the typing, provided he is willing to do so for less than $80 per hour.
C) Matt should do the typing, provided he is willing to do so for less than $40 per hour.
D) Matt should do the typing, provided he is paid more than $40 per hour.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The production possibilities curve illustrates the basic
Q79: The most important source of gain from
Q94: As a general rule, technological progress<br>A) shifts
Q97: Recent legislation provides parents with a substantial
Q109: Use the production possibilities data below for
Q110: "Henry Ford made millions of dollars producing
Q111: Suppose an economy produces only two goods,
Q112: Because of a late night out with
Q183: Land used to grow alfalfa could also
Q214: A profit-seeking decision maker who decides which