Understanding the least-cost rule bob runs a surfing school on the north shore of oahu. he has two inputs: surfboards, which he rents from a local shop for $12 per day, and surfing instructors, whom he hires for $40 per day. bob has figured out that the marginal physical product (mpp) of the last instructor hired is 24 lessons, and the mpp of the last board used is 6 lessons.

which of the following statements is correct?
a. any of these answers may be right, depending on the price of a lesson.
b. bob could lower his costs without reducing his output if he employed more instructors and used fewer surfboards.
c. bob currently employs a cost-minimizing combination of surfboards and instructors.
d. bob could lower his costs without reducing his output if he employed fewer instructors and used more surfb

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Your project team’s recommendations to increase productivity have been approved and your team is now working on an implementation plan. in order to accomplish the plan, several subject matter experts from various parts of the organization have been brought in to assist. you have noticed friction and conflict among team members. some of the disagreement and opposition on your team supports the achievement of team goals and objectives. this type of conflict can be described as:

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)