Question: If costs borne in producing an item determines its value, should smarter students get lower grades if they learned the material more quickly or easily?

If costs borne in producing an item determines its value, should smarter students get lower grades if they learned the material more quickly or easily? Should shorter people get more points if they make a shot in basketball?

Step by Step Solution

★★★★★

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

No smarter students should not get lower grades if they learn the material more qui... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!

Solve the problems below using your HP-12c. Write down the calculator keystrokes, and clearly identify your answers. Answers alone will not receive full credit. 1. A prospective tenant is evaluating...

If I get more money, does that typically make me richer? If society gets more money, does it make society richer? Whats the contradiction?

Should students be concerned that they won't get a job in HR if companies continue to make these types of changes?

A researcher asks if people score higher or lower on a questionnaire measuring their well-being when they are exposed to much sunshine compared to when theyre exposed to little sunshine. A sample of...

Some economic fallacies do not die quickly. Take the belief that the only determinant of a market price is the cost of producing the particular good. When a price rises or falls, it is commonly...

Confirming Pages C H A P T E R 19 Analyzing Information and Writing Reports Chapter Outline Using Your Time Efficiently Analyzing Data and Information for Reports Identifying the Source of the Data...

Some economic fallacies do not die quickly. Take the belief that the only determinant of a market price is the cost of producing the particular good. When a price rises or falls, it is commonly...

Please read the question Question : What are "spaced practice", "varied practice", and "interleaved practice"? Give a definition for each. Then give an example of each from your own experience as a...

Nextflix Selection and recruitment case study Analysis Meme 2) Case Analysis Paper (15) Students will read and analyse study redd disseminated by Professor Howell. Based on the case assigned, each...

1. Read Text book : Sanders, N. R. (2014). The Definitive Guide to Manufacturing and Service Operations: Master the Strategies and Tactics for Planning, Organizing, and Managing How Products and...

This assignment is to review Amazon?s most recent financial statements (provided) and find recent business articles on Amazon (examples provided) to get the answer to the following: 1. What does...

What is the expected return of the following investment? Probability Payoff 0.3 30.0% 0.2 10.0 0.5 -2.0

A menu has live appetizers, three soups, seven main courses, six salad dressings, and eight desserts. In how many ways can a full meal be chosen? In how many ways can a meal be chosen if either an...

What is the relationship between current assets and current liabilities? Question 9 options: Current assets are subtracted from current liabilities to calculate working capital, which indicates...

2. Now suppose a robot just said and did the same things you did in question 1. Will you be convinced that it is conscious?

Excise taxes are considered regressive because lowerincome people spend a(n) _________ fraction of their incomes on such taxes than do higher-income people.

If a higher-income person paid the same taxes as a lower-income person, that tax would be considered _________.

The United States relies _________ heavily on incomebased taxes than most other developed countries in the world.

You are planning to save for retirement over the next 30 years. To save for retirement, you will invest $1,400 a month in a stock account in real dollars and $565 a month in a bond account in real...

The global financial crisis that began in mid-2007 illustrated how quickly and severely liquidity risks can crystallize and certain sources of funding can evaporate, compounding concerns about the...