Classifying discouraged workers as unemployed would
A. increase the unemployment rate.
B. not change the unemployment rate.
C. decrease the unemployment rate.
D. have an indeterminate impact on the unemployment rate.
Answer: A
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Answer the next question based on the following information for Manfred's Shoe Shine Parlor.Units of LaborTotal ProductMarginal ProductTotal Revenue00 11414$422 10 330 90435 539 1176 1267442132Assume Manfred hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. How many units of output are produced when 2 workers are employed?
A. 10. B. 16. C. 24. D. 4.
One assumption that economists often make about people is that they are ________
A) risk-neutral B) risk-averse C) risk-seeking D) rent-seekers
Relative to a simultaneous-move situation, the loss to firm C from having to move second in the game in Scenario 13.14, would be
A) 37. B) 20. C) 12. D) 8. E) 5.
________: is the point at which the marginal physical product curve for a particular input is rising but still lies above the average physical product curve
Fill in the blank(s) with correct word