Every two weeks Hailey gets a check for the freelance work she does for Suzy’s Networking Services. This payment is a component of the ______ market.
a. product
b. factor
c. stock
d. bond
b. factor
Economics
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A perfectly competitive firm maximizes its profit by producing the level of output so that its average total cost equals the market price
Indicate whether the statement is true or false
Economics
The marginal cost curve:
A. is U-shaped. B. rises when marginal product falls, and falls when marginal product rises. C. intersects ATC at the average total cost curve's minimum. D. All of these are true.
Economics
Scarcity raises both price and marginal utility but generally reduces total utility
a. True b. False Indicate whether the statement is true or false
Economics
In 2015, median income for males was $36,302 while it was ________ for females.
A. $22,240 B. $12,130 C. $35,633 D. $29,957
Economics