In 2006, before the start of the recession, the employment—population ratio was 63.4 percent. In August 2015, more than six years after the end of the recession, the ratio
A) was still only 59.4 percent. B) was back to its 2006 level.
C) had increased to 72.3 percent. D) was still 50 percent lower than the ratio in 2006.
A
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The decline in starting new businesses
A) is concentrated primarily in public service industries. B) is concentrated primarily in high-tech industries. C) is concentrated primarily in health care industries. D) is not concentrated in one industry.
Refer to Figure 8.1. The firm earns zero profit at what output?
A) 0. B) 34 and 79. C) 54. D) 60. E) 67.
Which of the following is not potentially a barrier to entry into the widget market?
A. Patent protection on the design of widgets B. High prices for widgets C. Government licensing of widget producers D. Massive advertising by existing widget producers
If marginal profit is zero, then total profit is at a maximum
a. True b. False Indicate whether the statement is true or false