Exhibit 6-15 Long-run average cost
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Given the short-run average total cost curves in Exhibit 6-15, what level of output per week minimizes average total cost?

The principal-agent problem as it applies to labor employment refers to:

A. Employer and workers wanting the firm to survive and thrive B. Firms having the profit motive, while workers may be shirking on the job C. Employers having a problem finding qualified workers D. Workers facing a problem finding employment

In 2011, what percent of adults in the U.S. were college graduates or higher?

A.  10% B.  30% C.  50% D.  70%