Which of the following groups had the highest percentage unemployed in February 2015?
a. new entrants
b. job leavers
c. job losers: temporary
d. job losers: nontemporary
d. job losers: nontemporary
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Martha's Cleaning Services is a perfectly competitive firm that currently cleans 30 offices a week and charges $20 per office, which is the going market price. Martha's marginal cost is $15
What should Martha do to increase her economic profit? Clean more offices? Raise her price? Explain your answer.
Price discrimination leads to higher prices for all consumers
a. True b. False Indicate whether the statement is true or false
For the economy as a whole, about what percentage of total firm revenue is spent on advertising?
A supply restriction on imported goods, such as the government's restriction of imported oil for many years, is referred to as
A. an import quota. B. a price floor. C. an export quota. D. a price ceiling.