The group with the highest incidence of poverty in 2010 was
a. women living in a household with no husband present.
b. blacks.
c. Hispanics.
d. people under age 18.
a. women living in a household with no husband present.
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Suppose ordinarily half your class would get an A and half would get a B, with A students having a 25% chance of getting an A and B students having a 25% of getting an A. It costs $100 to persuade the instructor to raise a B grade to an A. A student is willing to pay $40 to insure she will get her usual grade and $70 to insure she will get a higher grade than usual. a. If all students buy insurance that guarantees them an A, what is the zero profit price for an insurance company that offers A insurance. b. Will grade insurance be sold in equilibrium? c. Who would buy insurance and at what price if the insurance companies could tell what type of student each student is? d. Is either the result in (b) or (c) efficient?
What will be an ideal response?
The long-run industry supply curve in perfect competition is derived from the
A. short-run industry supply curve which shifts as new firms enter the industry. B. short-run industry supply curve which shifts as old firms exit the industry. C. freedom of firms from sunk costs so that new cost curves become long-run curves. D. All of the reasons listed.
Refer to the above table. What does the marginal product equal when the quantity of labor goes from 3 to 4?
A. 72 B. 9 C. 216 D. 18
A firm will use land up to the point at which MRPA = PA, where A is acres of land.
Answer the following statement true (T) or false (F)