In the short run, average variable costs are minimized when
A) MPL equals APL.
B) APL is maximized.
C) MPL is maximized and APL is increasing.
D) Both A and B.
D
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Which of the following statements is true?
A) Employers are willing to forego profits when engaging in special interest group discrimination. B) Employers are willing to forego profits when engaging in cultural discrimination. C) Employers are willing to forego profits when engaging in statistical discrimination. D) Employers are willing to forego profits when engaging in taste-based discrimination.
Proponents of the view that the higher rate of productivity growth since 1996 is part of a long-run trend argue it is a result of
a. a continuing increase in the use of computers and other kinds of information technology. b. employers forcing more output from workers, who have become victims of new technologies. c. the shrinkage of the labor force, so that output per worker is rising. d. the rise of employment in the highly productive manufacturing sector.