Which of the following groups would NOT be considered as part of the civilian labor force?
A) full-time students who are not working or looking for work
B) those already employed
C) those who are unemployed
D) all individuals only working part-time
A
You might also like to view...
The time and money spent in carrying out financial transactions are called
A) economies of scale. B) financial intermediation. C) liquidity services. D) transaction costs.
Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the
a. average fixed cost function (AFC) b. average variable cost function (AVC) c. marginal cost function (MC)
A manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $40,000, while a market researcher receives $20,000. The marginal contributions of engineers and market researchers are:
Based on the above information, if the manager currently hires four engineers and one market researcher, what must be true?
A. More new products would be developed if she hires fewer engineers and more market researchers. B. She is making the correct decision because MPE = MPR. C. More new products would be developed if she hires more engineers and fewer market researchers. D. She is not making the correct decision because engineers are more productive than market researchers at all levels of output.
When the firm increases output and the costs rise proportionately, then the long-run average cost curve is ________ and the firm is experiencing ________.
A. horizontal; constant returns to scale B. downward sloping; constant returns to scale C. upward sloping; diseconomies of scale D. downward sloping; economies of scale