In the United States, the working-age population refers to the:

A. civilian, noninstitutional population aged 16 and over.
B. population of those aged 16 and over.
C. civilian, noninstitutional population of those between age 16 and age 64.
D. noninstitutional population of those between ages 16 and 64.

A. civilian, noninstitutional population aged 16 and over.

Economics

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The table above shows the demand and total cost schedule for a monopolist hotel. What price should the monopolist charge if it is a single-price monopoly that maximizes its profit?

A) $171 B) $161 C) $151 D) $141

Economics

A written contract between an employer and an employee creates value as long as:

a. the benefits exceed the costs of forming and enforcing it. b. the productivity of the employee is equivalent to the wage. c. on-the-job learning is unimportant. d. the relationship between the employer and the employee is short-term.

Economics