At the point of maximum profit, marginal revenue equals
a. variable cost.
b. fixed cost.
c. average total cost.
d. marginal cost.
d. marginal cost.
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Collin has lost his job with a telemarketing company, which has moved its operation to India. Collin is considered
A) structurally unemployed. B) frictionally unemployed. C) seasonally unemployed. D) a discouraged worker.
The formula for the multiplier can be written as change in
a. Y/change in I. b. I/change in Y. c. Y/change in C. d. Y/change in GDP.
During the period between 1960 and 1968 the poverty rate _______.
Fill in the blank(s) with the appropriate word(s).
In the figure above, moving from point B to point D
A) has an opportunity cost of one ton of butter per month. B) has an opportunity cost of one ton of guns per month. C) requires an increase in technology. D) is impossible.