Exploring Microeconomics
8th Edition
ISBN: 9781544339443
Author: Sexton, Robert L.
Publisher: Sage Publications, Inc., Corwin, Cq Press,
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Chapter 4, Problem 22P
To determine
The cause of shortage and your advice to deputy park commissioner of the New York to allievate the shortage. When asked about the reason for lifeguard shortage threatened to keep one third of the city's beaches closed for the summer, the deputy park commissioner of the New York responded that kids seems to want to do more work that's more in tune with the career. Maybe they prefer carpal tunnel syndrome to sunburn.
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NAME OF SCHOOL: Florida Polytechnical college
ADDRESS:
PRIVATE OR PUBLIC:
ENTRY REQUIREMENTS - GPA, SAT/ ACT SCORES:
IN STATE TUITION COST:
DORMITORY COST:
OFF CAMPUS HOUSING OPTIONS: AVERAGE MONTHLY RENT FOR A ROOM in the area:
MEAL PLAN: Do they have them? Are they mandatory for freshmen? How much $:
CAMPUS SIZE: (don't put acres - is it a small, medium, or large campus?)
TEACHER STUDENT RATIO/CLASS SIZE:
NUMBER OF UNDERGRADUATE (freshmen, soph, junior, seniors) STUDENTS ON CAMPUS:
FINANCIAL AID/SCHOLARSHIPS OPPORTUNITIES:
ACCEPTANCE RATE:
GRADUATION RATE:
ONLINE OPTION?
BUSINESS DEGREES: (list them)
ACADEMIC SUPPORT - TUTORING:
JOB PLACEMENT/CAREER SERVICES: what % of students get lined up with jobs right out of college with the school's help?
INTERNSHIP OPPORTUNITIES: Paid? Unpaid?
STUDY ABROAD PROGRAMS: Do they exist? How much $?
SPORTS: Competitive - D1, D2, D3, etc? Intramural? (non-competitive sports opportunities)
CLUBS: How many?…
Explain the following:
How is 4 to 5 a 22% increase?
How is 100 to 80 a 22% decrease?
Not pictured: How is 100 to 90 a 11% decrease?
How is 100 to 50 a 67% decrease?
Without Trade
Production
Consumption
With Trade
Production
Everglades
Denali
Shorts
(Millions of
Almonds
Shorts
Almonds
pairs)
(Millions of
pounds)
(Millions of
pairs)
(Millions of
pounds)
12
16
5
30
12
16
5
30
64
0
0
20
Trade action
Imports 13 ▼
Exports 39▾
Imports 13 ▼ Exports 39
Consumption
Gains from Trade
Increase in
Consumption
Chapter 4 Solutions
Exploring Microeconomics
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