To determine the unemployment rate, the Bureau of Labor Statistics polls a sample population of _____.

If an average cost pricing rule is imposed on the natural monopoly shown in the figure above, then the firm's economic profit will be

A) $9 million. B) $12 million. C) $0, that is, the firm's owners make only a normal profit. D) negative, that is, the firm incurs an economic loss.

Refer to Figure 2-10. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?

A) 46 thousand forks B) 60 thousand spoons C) 16 thousand spoons D) 12 thousand forks