Which of the following is related to the additional revenues business owners expect to enjoy as a result of hiring the employee?
A. the wages for Wendy Peffercorn, a cashier at the Piggly Wiggly
B. the salary of Dallas Mavericks' player Dirk Nowitski
C. the signing bonus for Saul Goodman, a new attorney at the Hamlin, Hamlin, and McGill law firm
D. All of the above are correct.
Answer: D
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Women typically earn less than men, even in the same occupation. Which of the following is an explanation for this discrepancy?
A) Women tend to take riskier jobs and earn compensating wage differentials. B) Women have, on average, less workforce experience than men of the same age. C) Women do not work as hard as men because of cultural influences. D) Women are, on average, less motivated than men and therefore tend to avoid taking on more responsibilities.
Of the types of business organizations in the United States, partnerships account for the ________ percentage of firms and ________ percentage of profits
A) smallest; the smallest B) smallest; neither the largest nor smallest C) largest; the smallest D) largest; neither the largest nor smallest
The Marginal Cost curve usually
A. cuts through the minimum of the average total cost curve. B. cuts through the minimum of the average variable cost curve. C. is J-shaped. D. all of the options are correct.
Suppose Aiyanna's Pizzeria currently faces a linear demand curve and is charging a very high price per pizza and doing very little business. Aiyanna now decides to lower pizza prices by 5% per week for an indefinite period of time. We can expect that each successive week
A. demand will become less price elastic. B. the elasticity of supply will increase. C. price elasticity of demand will not change as price is lowered. D. demand will become more price elastic.