10/2018 11:59 PM 428/7 on 2 of 15 Sapling Learning Eddie, Jaco, and Sheila are t

Question

10/2018 11:59 PM 428/7 on 2 of 15 Sapling Learning Eddie, Jaco, and Sheila are trying to form a band. They each have some basic skills on most truments, so their current plan is for each of them to rotate among vocals, guitar, bass, and drums After a year of practice and rehearsals, the band still sounds awful Kanye can't keep a steady beat when on bass or drums, Jaco sounds terrible at everything except the bass, nobody except Eddlie can remember all the chords on guitar, and even Sheila's own motfier thinks her singing sounds like a dying cow. At their current rate, they expect it will be several years before they are good enough to land their first paid performance. None of them have enough money saved up to last that long They al know you are taking economics and ask your advice. What would you say to them? Invest their are at a point where the marginal product of capital exceeds savings in new instruments, as they O o Change the rotation to be random rather than equal, to take Have each memberspecialize in the role that they are best o Consinue with the current plan, as economies of scale O the marginal product of labor advantage of in, to take advantage of benefes from specialization Abandon the band, as continued practice is doomed to suftler diminishing marginal retums

Explanation / Answer

Images of 1,2 and 4th question is not clear. Rest of the answers are as follows:

Answer 3:

Fiscal policy is conducted by the federal government.

And involves government spending and taxes.

Answer 5:

Market is defined as an institution that brings together buyers and sellers of goods and services.

Examples of market are - Local farmer's market, The New York Stock Exchange

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