The unemployment that occurs as jobs are eliminated because of changing technology is known as
A. frictional.
B. voluntary.
C. structural.
D. fundamental.
E. cyclical.
C. structural.
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Why is a competitive market efficient?
What will be an ideal response?
A firm sells in a competitive market in which price is $10 . Its marginal cost is 2 + .5Q. Determine the profit-maximizing level of output
Given the following data, what is the distance from the origin to the point where the total expenditures (TE) curve cuts the vertical axis? C = $400 + 0.75Yd I = $120 G = $270
A) $670 B) $790.75 C) $790 D) $400 E) ?$390
Refer to Figure 25.1 for an oligopoly firm. Assume that the existing price and quantity are $10 and 2,000 units. Which of the following statements is most likely correct?
A. Demand curves D1 and D2 both assume that rivals match any price changes. B. Demand curve D1 assumes that rivals do not match price changes. C. Demand curves D1 and D2 both assume that rivals will not match any price changes. D. Demand curve D2 assumes that rivals do not match price changes.