Part-time workers are
What will be an ideal response?
those that work less than 35 hours per week.
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If average variable costs increase as output increases, then
A) total fixed cost must be increasing also. B) marginal cost must be greater than average variable cost. C) total cost must be constant. D) output must be zero. E) average total cost must be increasing also.
From the Industrial Revolution to the present, innovation has played a major role in the growth of output. What do the leading analysts of economic growth argue were some of the most significant innovations of this period?
Which statement is true?
A. Blacks have a lower poverty rate than Hispanics. B. Blacks have a poverty rate of about three times that of whites. C. Members of white families headed by females have a higher poverty rate than all black families. D. None of these statements are true.
If the firm is maximizing profits (minimizing losses), they are making a profit or loss of about ____.
A. -$1,000
B. $500
C. $3,000
D. $2,500