As the popularity of the pill spread:
A. the number of younger workers willing to take entry-level jobs collapsed.
B. the number of women entering professional degree programs exploded.
C. the unemployment rate for women skyrocketed as there were more women competing for the same jobs.
D. the number of middle-aged women leaving the labor force
Answer: B. the number of women entering professional degree programs exploded.
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Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.50 per minute and the largest fixed fee that it can, what is Always There's total profit?
A. $30,625 B. $30,000 C. $37,500 D. $7,500
Which ratio correctly highlights the similarity between neoclassical theory and Tobin's q theory?
A) the marginal product of capital divided by the user cost of capital B) a firm's stock value divided by the value of its capital stock C) a firm's capital stock divided by the value of its inventories D) a firm's investment spending divided by the user cost of capital
Diminishing marginal product exists when the total cost curve becomes horizontal as outputs increases
a. True b. False Indicate whether the statement is true or false
Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum. We would expect that as the campaign draws closer to election day,
A) candidate A will move to the right (more conservative) and candidate B will move to the left (more liberal). B) both candidates A and B will move to the other's position in an attempt to capture the other's supporters. C) candidate A will move closer to the middle, and candidate B will stay where he or she is because he or she realizes that Americans are basically liberal. D) candidate B will move closer to the middle, and candidate A will stay where he or she is because he or she realizes that Americans are basically conservative. E) both candidates will move toward the middle.