Which of the following factors tends to lower the average wages for women?
a. Women leaving the workforce to raise their children
b. Women receiving less than one-third of all advanced degrees
c. Fewer women earning college degrees than in the past
d. Fewer women seeking experience in the service industry
a. Women leaving the workforce to raise their children
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Your local grocery store offers a coupon that reduces the price of milk during the coming week. The regular retail price of milk in the store is $3.00 per gallon, and the coupon price is $2.00 per gallon for the next week
If the store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users? A) -0.67 B) -1.0 C) -1.5 D) We do not have enough information to answer the question.
Suppose that you open your own business and earn an accounting profit of $30,000 per year. When you started your business, you left a job that paid you a $25,000 salary annually
Also, suppose that you invested $70,000 of your own funds to start up your business. If the normal rate of return on capital is 5 percent, your economic profit is A) $5,000. B) -$1,500. C) $1,500. D) -$5,000.
When the Fed increases the money supply, interest rates:
a. rise. b. fall. c. are unaffected. d. rise and then fall. e. fall and then rise.
A firm's total revenue
a. is the profit it earns by producing and selling a particular quantity of output b. varies as output varies along the demand curve the firm faces c. is constant at all points along a fixed demand curve d. is determined by subtracting total profit from total cost e. always decreases as its output increases, because costs rise