Walmart hires approximately ________ employees per Supercenter store.
A. 100
B. 300
C. 200
D. 450
Answer: B
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At the natural unemployment rate, there is no
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) unemployment.
When the price of a soft drink from the campus vending machine was? $0.60 per? can, 100 cans were sold each day. After the price increased to? $0.75 per? can, sales dropped to 85 cans per day. Over this? range, the absolute price elasticity of demand for soft drinks was approximately equal to
A) 0.15.
B) 0.60.
C) 0.73.
D) 1.67.
For the monopolistic competitor, which of the following is INCORRECT?
A) Because the firm is not a perfect competitor, its demand curve slopes downward. B) The marginal revenue curve is downward sloping and lies below the demand curve. C) The profit-maximizing rate of output arises at the point at which the marginal cost curve intersects the marginal revenue curve. D) If the firm in a monopolistically competitive industry were making economic losses, new firms will enter the industry.
Refer to the accompanying table. Julia's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 5/6 of a cake. B. 60 cakes. C. 6 cakes. D. 6/5 of a cake.