A monopolist can maximize profits by determining the quantity where price is equal to marginal cost.
Answer the following statement true (T) or false (F)
False
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When you have diminishing marginal returns to labor
A) variable costs remain constant as more output is produced. B) variable costs fall as more output is produced. C) variable costs rise as more output is produced. D) fixed costs rise as more output is produced because you have to buy more equipment to compensate.
An unexpected reduction in inflation would tend to benefit which of the following?
A) creditors B) debtors C) creditors and debtors D) neither creditors nor debtors
Identify each of the following acts as representing either saving or investment
a. Fred uses some of his income to buy government bonds. b. Julie takes some of her income and buys mutual funds. c. Alex purchases a new truck for his delivery business using borrowed funds. d. Elaine uses some of her income to buy stock in a major corporation. e. Henrietta hires a builder to construct a new building for her bicycle shop.
The labor force participation rate includes
A. only those employed but looking for a job. B. both employed workers and discouraged workers not seeking jobs. C. only those who are employed. D. both employed workers and those unemployed but seeking employment.