A recent accounting graduate from a major business school is searching for a place to begin his career as an accountant. This individual is best considered as
A) structurally unemployed.
B) seasonally unemployed.
C) cyclically unemployed.
D) frictionally unemployed.
D
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The above (incomplete) table provides information about the relationships between output and various cost measures. The marginal cost per unit when increasing output from 14 to 17 units is
A) $20. B) $30. C) $380. D) None of the above answers is correct.
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the wage required to hire the profit maximizing number of workers?
A. $25,000 B. $50,000 C. $20,000 D. $15,000
The kinked demand curve explains
A. How an oligopoly can achieve monopoly profits. B. The consequences of the interdependent behavior of oligopolists. C. Why oligopolists are more sensitive to cost changes than are competitive markets. D. Price-fixing along the elastic part of the demand curve and predatory pricing on the inelastic portion.
The Motor Carrier Act of 1980 removed the government's restriction on:
A. entry into the trucking industry. B. the size of trucks used to transport goods and services. C. entry into the industry that produces delivery trucks. D. entry into parcel delivery.