According to Table 10.2, just over 3% of college graduates are under the poverty line
Indicate whether the statement is true or false
T
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Consider a U-shaped long-run average cost curve that has a minimum efficient scale at 6,000 units of output. In this case, this industry would be
A) an oligopoly if the market quantity demanded is 18,000 units. B) perfectly competitive if the market quantity demanded is 20,000 units. C) an oligopoly if the four-firm concentration ratio is more than 10 percent. D) monopolistically competitive if the market quantity demanded is 12,000 units.
Suppose a vote was taken in a small town of 11 people to determine how much of the budget should go toward education spending. Five individuals want 10 percent, five individuals want 80 percent and one person wants 25 percent. According to the median-voter theorem, the chosen amount to spend on education will be ______ of the budget.
A. 10 % B. 80 % C. 45 % D. 25%
The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the
a. U.S. Steel case b. Brown Shoe case c. Von's Grocery case d. ALCOA case e. Pabst Brewing case
La Rossa Pasta Company is considering expanding its factory. In which case would both the change in the cost and the change in the interest rate each make it less likely that La Rossa's would expand?
a. a decrease in the cost of expanding and a decrease in the interest rate. b. a decrease in the cost of expanding and an increase in the interest rate. c. an increase in the cost of expanding and a decrease in the interest rate. d. an increase in the cost of expanding and an increase in the interest rate.