The U.S. Bureau of Labor Statistics forecasts that ________ fastest-growing occupations over the next 10 years will be in health care
A) less than 2 of the 10 B) 13 of the 20
C) just under half of the D) over 95 percent of the
B
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Under what conditions might a monopoly lose money?
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit. Given the above, if the firm produces 20 units of output, what is average fixed cost?
A. $600 B. $150 C. $50 D. $1.50 E. none of the above
What is the expenditure multiplier that underlies the changes in this graph?
a. 0.25
b. 0.40
c. 1.33
d. 4.00
A craze for apples in Riverdale increases the quantity demanded at every price by five bushels. Between any two prices, the new demand curve will be ____ the old demand curve.
A. more elastic than B. less elastic than C. equal in elasticity to D. More information is needed to predict the relationship.