A full-time student who did not have a job and was not looking for work would be categorized as
What will be an ideal response?
not in the labor force
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Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day
If Cindy produces 20 sweaters per day, what is her average fixed cost of production? A) $3.00 B) $3.33 C) $8.00 D) $11.00
A recession normally causes ________ in government net tax revenues, ________ the budget deficit is an example of ________ automatic stabilization
A) an increase, increasing, the working of B) an increase, decreasing, a failure of C) a decrease, decreasing, the working of D) a decrease, increasing, a failure of E) a decrease, increasing, the working of
For a linear demand curve, where is the amount of total expenditures on a good maximized?
What will be an ideal response?
Average total cost is defined as:
A. total variable cost divided by quantity. B. quantity divided by total variable cost. C. the change in total variable cost divided by the change in quantity. D. total cost divided by quantity.