Refer to Figure 24-4. Given the economy is at point A in year 1, what will happen to the unemployment rate in year 2?
A) It will rise. B) It will remain constant.
C) It will fall. D) not enough information to answer the question
A
Economics
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If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of $1.50, and selling its output at $7 per unit, total profit is
a. $7,000. b. $2,500. c. $1,500. d. $250.
Economics
The AFL split in 1935 because of a dispute over
A. whether to organize along craft or industrial lines. B. whether or not to strike. C. whether or not to support President Roosevelt for reelection. D. whether or not to expel the Teamsters Union for corruption.
Economics