Sasha has a master's degree in writing, and currently works full-time as a 2nd grade classroom helper. She submits articles for the local paper on occasion, and gets paid only when the editor agrees to publish a submission. Sasha would love to be a full-time reporter. The best way to describe Sasha is to say she is ________________; the Bureau of Labor Statistics would count Sasha as ____________.
A. underemployed; employed
B. employed; employed
C. discouraged; underemployed
D. underemployed; underemployed
A. underemployed; employed
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The cost savings associated with the cost-effective solution relative to a uniform standard equals
Suppose that two firms, X and Y, face the following abatement costs: MACX = 1.2AX, MACY = 0.3AY TACX = 0.6AX2 TACY = 0.15AY2 Further assume that the combined abatement standard is 40 units for both firms. a. $300 b. $108 c. $10.8 d. $9.60
The total revenue curve for a firm is given by TR = 2Q.
A. The firm may be a monopolist or a perfectly competitive firm. B. The firm is definitely not a monopolist. C. The firm is definitely a monopolist. D. One cannot tell from the equation what market form applies.
It can be shown that the Nash equilibrium would indicate that without any agreements, the best outcome for each large nation would be to:
a. not impose a tariff. b. impose a tariff. c. find other ways to reward their domestic firms. d. impose a consumption tax.
When a firm exercises monopsony power,
A. the firm increases its profits at the expense of its workers. B. workers gain but the firm loses. C. workers, consumers, and owners of the firm are made better off. D. both the firm and the workers gain.