Jane is a 25-year-old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be
A) unemployed.
B) not in the labor force.
C) in the labor force but not working.
D) employed.
E) not in the working-age population because she is in college.
D
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A perfectly competitive firm produces so that its marginal cost equals the price
Indicate whether the statement is true or false
Refer to Figure 18-1. The sales tax revenue collected by the government is represented by the area
A) B + C + F + G. B) E + H. C) F + G. D) B + C.
According to the table shown, when 1 unit is produced:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. marginal costs exceed marginal revenue, and the firm should produce more.
B. marginal revenue exceeds marginal costs, and the firm should produce more.
C. marginal revenue exceeds marginal costs, and the firm should produce less.
D. marginal costs exceed marginal revenue, and the firm should produce less.
A stock currently does not pay an annual dividenD) An investor expects this policy to remain in force. She believes, however, the stock of this company will sell for $110.00 per share four years from now. If she has an interest (discount) rate of 7% (0.07), the dividend discount model predicts the current price of this stock should be:
A. $83.92 B. you cannot apply the model to this example since it requires a dividend be offered. C. $86.35 D. $82.00