Which of the following groups had the highest median income in the U.S. in 2008?
A. Hispanic
B. White (non-Hispanic)
C. Asian
D. Black
C. Asian
Economics
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A single-price monopoly has marginal revenue and marginal cost equal to $19 at 15 units of output where the price on the demand curve is $38. At this output, average total cost is $15. What is the total profit earned?
A) $225 B) $285 C) $345 D) $570 E) $19
Economics
The birthrate in the United States decreased during the 1960s, and as a result
A) structural and frictional unemployment increased. B) cyclical unemployment declined. C) cyclical unemployment increased. D) the natural rate of unemployment declined.
Economics