Which of the following people would be counted among the unemployed?
a. A new college graduate selling newspaper advertisements part time while looking for other work
b. A new college graduate selling newspaper advertisements full time while looking for other work
c. A new college graduate selling newspaper advertisements part time and not looking for other work
d. A new college graduate who gets tired of selling newspaper advertisements and takes off on a motorcycle trip to Alaska
e. A new college graduate not qualified for any of the jobs available in his small town
e
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Explain why firms' short-run marginal cost curves often initially decreases and then increases
What will be an ideal response?
Which of the following is NOT an assumption of the initial Cournot Oligopoly Model?
A) Market lasts for only one period. B) Firms act simultaneously. C) Firms have same cost functions. D) Firms produce differentiated products.