The federal corporate income tax rate in 2003 was about _____ for most corporations
a. 28 percent
b. 35 percent
c. 42 percent
d. 47 percent
b
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A monopolist may make a profit
A. only in the short run. B. only in the long run. C. in both the short and long run. D. in neither the short nor long run.
Marginal factor cost is
A. the change in the value of output from using an additional unit of the factor. B. the cost of using an additional unit of an input. C. the total value of factor cost divided by the one cost that is being held constant. D. the cost of an additional unit of output.
The unemployment rate for African-Americans is, across age categories,
A. one percentage point lower than that of whites. B. several percentage points higher than that of whites. C. about the same as that for whites. D. less than half that of whites.
Competitive pricing has not developed in the health care industry due to the following factors, except:
A. The government bans competitive pricing in health care B. Consumers rarely shop around for health care providers C. Insurance covers most consumers' cost of health care D. Consumers are often wary of low prices in health care