In 2013, the lowest incidence of poverty was for
A. women living in households with no husband present.
B. children under 18.
C. individuals over 65.
D. white (non-Hispanic) people.
Answer: C
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Refer to the table above. What is the firm's marginal cost when it produces 55 units of the good?
A) $0.33 B) $0.50 C) $0.66 D) $0.75
In the above figure, if the price is $8 per unit, how many units will a profit maximizing perfectly competitive firm produce?
A) 5 B) 20 C) 30 D) 35
Consider the perfectly competitive firm in the above figure. At what price will long-run equilibrium occur?
A) $11 B) $12 C) $22 D) $23
During a deflationary period
A) the nominal interest rate is less than the real interest rate. B) the real interest rate is less than the nominal interest rate. C) the nominal interest rate does not change. D) the price level rises.