Which of the following investigates businesses and individuals for enforcement of laws regarding protected classes?
a. osha
b. eeo
c. department of labor
d. cobra
Ans: b. eeo
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What is the shape of the demand curve faced by the perfectly competitive firm, and why?
What will be an ideal response?
A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the explicit costs total $10,000 a month the economic profit for the month equals:
a. $2,600 b. $2,240 c. $11,760 d. $5,000
Elasticity along a demand curve:
A. is constant if the demand curve is linear. B. changes only when the demand curve is bowed out. C. changes when the demand curve is linear. D. changes only when the demand curve is bowed in.
After a price floor of $23 is placed on the market in the graph shown, which area represents total surplus?
A. A
B. B + C + E + F
C. A + B + E
D. A + B + C + E + F