An unregulated natural monopolist will produce the quantity at which
A) average total costs are minimized.
B) marginal cost equals marginal revenue.
C) marginal cost equals the long run average cost curve.
D) the long-run average cost curve intersects the demand curve.
B
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A number of studies of the effect of immigration on U.S. wages has found:
a. no effect on wages of any educational group. b. significant rises in wages for those without a high school diploma and for college graduates but a negative impact for high school graduates and those with some college education. c. significant declines in wages for those without a high school diploma and for college graduates. d. no effect on other groups but significant declines in wages for high school graduates and those with some college
One way the United States has tried to encourage welfare recipients to acquire human capital is by
A) providing a free college education. B) setting a 1-year limit on temporary assistance. C) tax rebates. D) requiring a adult member of the household to either work or perform community service.