What role does utility play in the economic model of consumer behavior? when modeling consumer behavior, utility a. reflects the enjoyment a consumer receives from consuming a particular set of goods and services. b. identifies the combination of goods and services that can be produced most efficiently. c. provides an objective measure of satisfaction from consuming a particular set of goods and services in units called "utils." d. identifies the consumer who receives the most satisfaction from consuming a particular set of goods and services. e. identifies the combination of goods and services that is least expensive.

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators