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1. Which of the following cannot explain the change in female labor force participation rates over the past 75 years?
A. World War II.
B. higher real wages for women.
C. lower real wages for men.
D. increased female educational attainment.
E. reduced fertility.
2. Unemployment compensation programs provide a lower income than workers received while they were employed because full replacement of lost income would:
A. result in an incentive for workers to not return to work.
B. resu;t in a higher level of utility than the worker received while working.
C. Both of the above are correct.
D. None of the above is correct.
Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.
The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis.
Describe the shape of the average total cost function and also label the minimum point on the curve.
Describe the distinguishing features of the Canadian governance model. Contrast with the governance model of China.
q. 1. what is a business organization?2. what is the most common form of business organization?3. define sole
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
Suppose a monopolist producing self-cleaning jackets can sell 20 jackets at $100, and 21 jackets at $98. The monopolist is unable to price discriminate, so in order to sell a total of 21 jackets, the price per jacket must be $98.
Use supply and demand analysis to explain price reduction of computers. What effect did price reduction have on quantity of computers demanded.
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
q1. gary has two children kevin and dora. each one consumes yummiest and nothing else. gary loves both children
Sarah’s friends are trying to convince her to leave her summer job one month early, from which she earns $1200 per month, to vacation in Costa Rica. If she goes there, her out-of-pocket expenses would be $2400. What is Sarah’s marginal opportunity co..
Who is hurt and who is helped by an increase in the legal minimum wage? Under what circumstances might a higher minimum not reduce employment?
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