Question: 11. When Paul Samuelson switched from physics to economics, Robert Solow is said to have remarked that the average IQ in both disciplines went up.

11. When Paul Samuelson switched from physics to economics, Robert Solow is said to have remarked that the average IQ in both disciplines went up. A bystander responded that Solow’s claim must be wrong because it implies that the average IQ for academia as a whole (which is a weighted average of the average IQ levels for each discipline) must also have gone up as a result of the switch, which is clearly impossible. Was the bystander right? Explain.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

When Paul Samuelson switched from physics to economics, Robert Solow is said to have remarked that the average IQ in both disciplines went up. A by-stander responded that Solows claim must be wrong...

When Paul Samuelson switched from physics to economics, Robert Solow is said to have remarked that the average IQ in both disciplines went up. A bystander responded that Solows claim must be wrong...

Hi. Please help with this question. Please refrain from AI, our teacher are very critical of us using it. Thank you so much!! Question 1: Famous economists. (4 marks) When Paul Samuelson switched...

I need help to answer these questions below that are based on the case "Larry Puglia and the T. Rowe Price Blue Chip Growth Fund" 1. How well has the Blue Chip Growth Fund performed in recent years?...

Below are the following questions. Kindly answer them according to the reference or you can also search. Thank you MODULE 13: The Economics of Paul Samuelson Chapter Overview: Paul Samuelson is known...

Hello. I need to write a three page review for the two articles attached. Each review should include a brief summary that include the major points of the article, as well as a summary of my own...

Froms this Answer this question. By late 2016, Larry J. Puglia had been managing the $33 billion T. Rowe Price Blue Chip Growth Fund (Blue Chip Growth Fund) for more than 23 years. One of the fund's...

Read and write a comment Why you should ignore the siren call of market timing Few manage to profitably outwit the herd Here is a sage piece of investment advice you might not usually find in any...

HELLO TUTORS GOOD DAY!!! I AM ASKING FOR A HELP WITH THE REPORT THAT I WILL BE DISCUSSING IN OUR CLASS. DO NOT DISCUSS VERBATIM OR WORD BY WORD JUST EXPLAIN WHAT IT MEANS OR THE IMPORTANT DETAILS...

Answer the questions using resources from this articl and tell me does gdp tell the right story using resources from this paper GDP Mini-Q Document A Source: Paul A. Samuelson and William D....

Explain why each of these statements is not an effective way to convey the negative message. a) I am sorry I must refuse your request. b) Therefore, following company policy seems to be the best...

Schoen Industries pays interest of $3 million each year on bonds with an average coupon rate of 7.5%. The firm has 4.5 million shares of stock outstanding and pays out 100% of earnings in dividends....

If a firm permanently borrows R 1 0 0 million at an interest rate of 8 percent, what is the present value of the interest tax shield? ( Assume that the marginal corporate tax rate is 2 1 percent. )...

In the citation Schusters Express, Inc., 66 T.C. 588 (1976), affd 562 F.2d 39 (CA2, 1977), nonacq., to what do the 66, 39, and nonacq. refer?