If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a tail?

Which of the following statements is true?

A) Adult males, adult females, and teenagers all have similar rates of unemployment due to job losses. B) Almost half of the total teenage unemployment rate appears to be due to the search for the first job. C) Relative to adult males, adult females and teenagers have more frequent unemployment due to reentry and higher quit rates. D) All of the above.

Product differentiation allows a firm to charge a higher price because the residual demand curve facing the firm

A) is more elastic than the residual demand curve without product differentiation. B) is less elastic than the residual demand curve without product differentiation. C) is horizontal. D) shifts to the left.