On average, women receive ________ of the pay that men receive.
A. between 50 and 60 percent
B. between 70 and 90 percent
C. between 30 and 40 percent
D. 100 percent
Answer: B
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If the golfers at Green Golf all have identical demands and Green Golf practices two-part pricing, the profit-maximizing user fee is ________ Green Golf's marginal cost.
A) one-half of B) equal to C) greater than D) less than
If the economy is at full employment, then
A) the entire population is employed. B) the only unemployment is frictional unemployment plus discouraged workers. C) the entire labour force is employed. D) all unemployment arises from normal frictions and structural change. E) the unemployment rate is less than 3 percent.
Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect the
a. demand for flour to increase.
b. demand for flour to decrease.
c. supply of flour to increase.
d. supply of flour to decrease.
If a firm is a price taker, the demand curve faced by the firm is:
A. horizontal. B. vertical. C. downward sloping. D. upward sloping.