Which of the following best describes labor force participation rates for men and women over the period 1960 to 2000?
A. Labor force participation rates for both men and women increased.
B. Labor force participation rates for both men and women decreased.
C. Labor force participation rates for men increased while labor force participation rates for women decreased.
D. Labor force participation rates for men declined while labor force participation rates for women increased.
D. Labor force participation rates for men declined while labor force participation rates for women increased.
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If the price falls below minimum SRAVC, the quantity supplied by the firm will be
A. the quantity at minimum MC. B. zero. C. the quantity at the point where MC intersects AC. D. the quantity at minimum AC.
Using supply and demand analysis, explain why there is sometimes a surplus of seats to watch a television show being taped and other times there is a shortage of such seats. Assume that tickets to view the taping of a television show are free of charge
Which of the following explains why production rises in most years?
a. increases in the labor force b. increases in the capital stock c. advances in technological knowledge d. All of the above are correct.
a) Using the data from graph, calculate the firm's total profit. (b) If the firm operates at optimum efficiency, how much will its output be? (c) If the firm were a perfect competitor, how much will its price be in the long run?
