(Consider This) Elasticity can be thought of as degree of relative:
A. video brightness.
B. price bounce.
C. audio volume.
D. quantity stretch.
Answer: D
You might also like to view...
If employees lose jobs because their skills are obsolete, or their company has moved to another location, this is called:
a. frictional unemployment b. cyclical unemployment c. structural unemployment d. seasonal unemployment
If four workers can produce 18 chairs a day and five can produce 20 chairs a day, the marginal product of the fifth worker is
A) 2 chairs. B) 3 chairs. C) 4 chairs. D) 38 chairs.
Individuals who suffer from unemployment spells lasting more than six months are ________
A) chronically unemployed B) frictionally unemployed C) discouraged workers D) no longer counted as part of the labor force
In a perfectly competitive market, firms will exit in the
a. short run if they are suffering economic losses b. short run if they are earning below-normal profit c. short run if price exceeds average total cost d. long run if they are earning above-normal profit e. long run if they are suffering economic losses