Refer to the table below. If at the current advertising level, A = $10,000, B = $14,500, and C = $8,200, to maximize profit, which of the following should the firm do?
The table above shows the current costs for a firm to advertising on the radio, television, and newspaper.
A) The firm should increase its advertising on the television and decrease its advertising in newspapers.
B) The firm should decrease its advertising on the radio and decrease its advertising in newspapers.
C) The firm should decrease its advertising on the radio and increase its advertising in newspapers.
D) The firm should decrease its advertising on the television and increase its advertising in newspapers.
D) The firm should decrease its advertising on the television and increase its advertising in newspapers.
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Which practice helps health insurance companies overcome the problem of adverse selection?
A. They sell insurance only to unhealthy people. B. They sell insurance only to healthy people. C. They have switched to the experience rating system. D. All of these.
Suppose the population of El Campo is 120,000. Of the population 16 years and older, 50,000 are employed, 10,000 have never worked and are not looking for work, 5,000 are not working and are looking for work, and 15,000 are retired and not looking
for work. The labor force equals A) 50,000. B) 55,000. C) 65,000. D) 80,000.