Based on the following data for the country of Tiny Town, the unemployment rate equals Population = 100 Labor force = 80 Number of employed persons = 70 Number of discouraged workers = 5
A) 10/100 × 100.
B) 10/80 × 100.
C) 15/80 × 100.
D) 5/70 × 100.
B
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Refer to the table above. What is the total cost of producing 145 units of the good?
A) $90 B) $180 C) $190 D) $210
The quantity of medical care demanded appears to be highly sensitive to changes in price
a. True b. False Indicate whether the statement is true or false
The effect of a tariff
A. can lead to economies of scale for firms inside the nation. B. can lead to a monopoly when domestic firms become the sole suppliers inside the nation. C. will be more beneficial to large firms than to small firms. D. is negligible since it applies to firms outside the nation.
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $400.
A. earns a profit B. has total revenue C. suffers a loss D. has total cost