Which of the following will most likely qualify for unemployment compensation benefits?
a. A new college graduate who cannot find work despite a desperate job search
b. An unemployed coal miner who has been receiving benefits for the past six months
c. A former retail clerk who quit her job because the boss was too demanding
d. A spot welder who has just gotten his first "pink slip" in the mail after ten years of continuous employment
e. An accountant who was fired from his last position for drinking alcohol on the job
d
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Suppose that TC = $550, TVC = $500, and MC = $100. If the firm produces 10 units of output, then
A. MC > AVC. B. AVC > MC. C. AVC = MC. D. AFC = AVC.
The marginal product refers to the impact of which unit of a productive resource?
a. first b. middle c. last d. average
Other things equal, which may cause an increase in the price of used houses?
a. An increase in construction costs for new houses b. An increase in property taxes c. An increase in mortgage interest rates d. A decrease in the population of first-time homebuyers
Dumping is
A) selling a good abroad in huge quantities at a very low price. B) exporting goods that are sources of pollution. C) exporting goods that are of inferior quality relative to the goods sold in the domestic market. D) selling a good abroad at a price below cost or below the price charged in the domestic market.