What has been the range for the duration in months of U.S. recessions between 1950 and 2009?

Which of the following correctly identifies a difference between taste-based discrimination and statistical discrimination?

A) Taste-based discrimination is observed in the service sector, whereas statistical discrimination is observed in the manufacturing sector. B) Taste-based discrimination is observed in the manufacturing sector, whereas statistical discrimination is observed in the service sector. C) Employers engaging in taste-based discrimination are willing to forego profits, whereas employers engaging in statistical discrimination are trying to enhance profits. D) Employers engaging in statistical discrimination are willing to forego profit, whereas employers engaging in taste-based discrimination are trying to enhance profits.

By comparing the value of marginal product with the marginal cost per input, a firm can find the:

A. cost-maximizing quantity to hire. B. revenue-maximizing quantity to hire. C. output-maximizing quantity to hire. D. profit-maximizing quantity to hire.