Lucy is a young entrepreneur who sells lemonade from her lemonade stand in her driveway on Saturday afternoons. During the first hour, Lucy sells 30 glasses of lemonade and incurs an average variable cost of $0.20. Lucy's _________ for the first hour are __________

Which of the following would not be included in the consumption component of GDP?

a. Movie ticket sales b. Purchase of a new home c. Medical bills d. Clothing purchases e. Home electricity bills

A union can achieve higher wages without accepting lower levels of employment of members by

A) striking. B) increasing the productivity of its members. C) increasing the amounts of imports. D) increasing the difficulty of its apprenticeship program.