Discrimination occurs when the marketplace offers different opportunities to similar individuals who differ only by
a. age.
b. years of experience.
c. years of education.
d. All of the above are forms of discrimination.
a
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If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce ________ than Sparkle Cleaners and earn an economic profit that is ________ Sparkle Cleaners.
A) more; less than B) less; less than C) less; the same as D) more; the same as
The game in the figure shown is a version of:
A. a sequential game. B. an ultimatum. C. a simultaneous game. D. a cooperative game.
Hours of OperationMarginal Cost16212318424530636742
Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $18. If she is following the marginal principle, how many hours should Krystal stay open?
A. 3 hours B. 4 hours C. 6 hours D. 7 hours
If a firm sells 50 units of output at $9 per unit and 60 units of output when price is reduced to $8, its marginal revenue from selling the sixth unit is
A. $30. B. $450. C. $10. D. $480.