The marginal cost curve intersects the ________ curves at their ________ points
A) average total cost and average fixed cost; minimum
B) average product and marginal product; maximum
C) average variable cost and total variable cost; maximum
D) average total cost and average variable cost; minimum
E) average product and marginal product; minimum
D
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Which of the following pieces of information do you need to calculate the labor force participation rate?
I. the number of employed persons II. the number of unemployed persons III. the population IV. the working age population A) I and II B) I and III C) I, II and III D) I, II and IV
High-powered money minus reserves equals
A) reserves. B) currency in circulation. C) the monetary base. D) the nonborrowed base.
Why do economists sometimes treat decision makers as boundedly rational?
Cortney is going on a job interview. What should she do before the interview?
a. ask those people she uses as references for permission b. research the company before she goes c. clean up her social media pages d. all