Economists would predict that, other things the same, the more generous unemployment compensation a country has, the
a. shorter the duration of each spell of unemployment and the higher the unemployment rate.
b. shorter the duration of each spell of unemployment and the lower the unemployment rate.
c. longer the duration of each spell of unemployment and the higher the unemployment rate.
d. longer the duration of each spell of unemployment and the lower the unemployment rate.
c
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What is the cost of production at the number of units where the company is indifferent between the two technologies?
a. $750 b. $850 c. $950 d. $1050
For a ________, increasing the equilibrium ________ in the retail market is the key to successful use of resale price maintenance.
A) distributor; quantity sold B) manufacturer; quantity sold C) manufacturer; price D) retailer; quantity sold