Which statement is true?
A. William Julius Wilson and Charles Murray are basically in agreement about the causes of the formation of a permanent underclass.
B. The permanent underclass has more white members than black members.
C. There is very little evidence to show that there is actually a permanent underclass.
D. There are more poor whites than poor blacks in the United States.
D. There are more poor whites than poor blacks in the United States.
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A monopolist has total cost TC = Q2 + 10Q + 100 and marginal cost MC = 2Q + 10 . It faces demand Q = 130- P (so its marginal revenue is MR = 130 - 2Q). Its profit-maximizing output
a. 30 b. 25 c. 20 d. 10
The aggregate supply curve is shifted to the right (outward) by a decrease in the price of any input to the production process.
Answer the following statement true (T) or false (F)
Price Per PizzaQuantity Demanded$0?$5200$1075 Refer to the table, which shows part of the weekly demand schedule for pizza in a certain town. The current market price for pizza is $5 per pizza. According to the laws of economics, which of the following could be the missing number?
A. 125 B. 500 C. 0 D. Infinity
The age-earning cycle shows an individual typically earning
A. an income that declines until age 30-35 and then increases rapidly. B. an income that cycles upward and downward as an individual ages. C. an income that increases with age, peaks, and then falls as retirement approaches. D. a constant income (adjusted for inflation) over the entire working life of the worker.