1. ECO 550 Week 6 Chapter Questions
Click this link to get the tutorial:
http://homeworkfox.com/tutorials/economics/4278/eco-550-
week-6-chapter-questions/
Week 6 chapter 9 question 6
What are the highest and lowest payments from the writer that the beekeeper–
farmer team will accept for the sixth day? Assuming that the farmer can dispose of
$7 from the writer as she wishes, what range of payments will the beekeeper
accept? Assuming that the beekeeper gets that amount, what range of payments
will the farmer accept? (Remember that negative payments are also possible.)
Week 6 Chapter 9 Question 13
13. Some fields have large enough quantities of both oil and natural gas that
coordination must be achieved for the production of both, rather than oil alone as in
our examples. Will fields with both oil and gas have greater difficulties in unitization
than fields with oil or gas alone? Explain. (Hint: Look closely at Figure 9-2.)
Week 6 Chapter 10 Question 2
2. Why might a parent company like McDonalds or Hilton choose to franchise its local
outlets rather than own them and staff them with employees? In many smaller cities all
McDonald’s outlets are owned by the same franchisee. Why is (or isn’t) this fact consistent
with our discussion of specific investments?
Week 6 Chapter 10 Question 11
11. Every so often, a disgruntled college graduate sues her school on grounds that her
tuition payments did not land her the good job she was expecting when she started there.
Courts invariably throw out cases like hers. They are, however, willing to entertain suits
against trade schools (those that teach skills such as welding and computer repair) by

2. graduates who make the same claims about inability to qualify for jobs that use the skills
they learned in them. Why the difference?