In part, the increase in the labor force participation rate in the United States over the last 50 years can be attributed to
A) unsuccessful job seekers becoming discouraged workers.
B) technological change in the home increasing the time available for paid employment.
C) recessionary periods followed by longer expansionary periods.
D) early retirement by men in the labor force.
E) the large increase in the men's labor force participation rate overcoming the large decrease in the women's labor force participation rate.
B
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The opportunity cost of the U.S. producing tea or coffee is measured by the value of the foregone production alternative—manufacturing or staples
Indicate whether the statement is true or false
A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P, implying that its marginal revenue is MR = 100 - 2Q. Its profit maximizing quantity is
a. 8 b. 46 c. 50 d. 92