Which of the following people is most likely to be structurally unemployed?
a. Brendan left his job as a short-order cook in New Jersey to become a short-order cook in Madrid, New Mexico. He was unemployed for six weeks during the transition.
b. Mildred quit her job after giving birth to a child.
c. Clem, a skilled corset maker, lost his job when his factory shut down due to a permanent reduction in the demand for corsets.
d. Danielle lost her job when the electronics assembly plant was shut down temporarily due to low product sales in a slumping economy.
c
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Moving from a point inside the production possibilities frontier to a point on the production possibilities frontier, the opportunity cost of producing more of the good on the horizontal axis
A) increases. B) is infinite. C) decreases. D) is 0. E) is constant.
If a firm's average cost is currently $100, and the marginal cost is $95, then the average cost is currently falling
a. True b. False Indicate whether the statement is true or false