Which of the following is an example of environmental stress?
a. construction noise
b. strong perfume
c. peers
d. broken heating unit
Ans: a. construction noise
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Refer to the above table. What is the marginal factor cost when the firm employs the second unit of labor?
A) $19
B) $21
C) $36
D) $38
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.According to the graph shown, if a firm is producing at Q3:
A. average total costs exceed the market price. B. the firm should expand production. C. marginal revenue is greater than marginal cost. D. profits are being maximized.
Using Figure 2 above, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE1 might be:
A. consumption increases. B. export increase. C. government spending decreases. D. investment increases.
A straight-line Lorenz curve shows
A. an equal distribution of money income. B. a highly unequal distribution of income. C. a high incidence of absolute poverty. D. a greater than proportionate share of income going to middle-income households.