The figure above shows the costs and demand curves for the Bigshow Cable Company. If the regulator wants to set the price so that Bigshow earns the same normal profit as a perfectly competitive firm, what price should be set?
A) $8
B) $6
C) $4
D) $2
B
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Because of their higher value of marginal product
A) the demand curve for high-skilled workers lies to the right of the demand curve for low-skilled workers. B) the demand curve for high-skilled workers lies to the left of the demand curve for low-skilled workers. C) the supply curve for high-skilled workers lies to the right of the supply curve for low-skilled workers. D) the demand curve for high-skilled workers lies to the left of the supply curve for low-skilled workers.
David Ellwood suggests the explanation for low employment rates among poor families is Flawed Character
Indicate whether the statement is true or false
The U.S. income tax
a. discourages saving. b. encourages saving. c. has no effect on saving. d. will reduce the administrative burden of taxation.
Which statement is true?
A. If the APC is greater than one, the APS is negative. B. If the APC is less than one, the APS is negative. C. The APS can never be negative. D. None of these statements are true.