Other things equal, the supply of labor will be lower to a job that
a. offers less strenuous physical activity
b. requires a supervisor to closely monitor employee performance
c. allows for flexible work schedules
d. offers free room and board
e. is exciting due to slightly elevated risk
B
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________ usually increase(s) when the U.S. economy is in a recession and decrease(s) when the U.S. economy is expanding
A) Net Exports B) Consumer spending C) Unplanned investment D) Planned investment
MNO Limited publishes a magazine targeted at urban professionals who live on the east and west coasts of the U.S., and all of the magazines are printed at a marginal cost of $0.50 per copy at a publishing plant in Kansas
If the East Coast elasticity of demand for the magazine is -1.25 and the West Coast elasticity of demand is -1.50, what prices should MNO Limited charge for the magazines in these two markets in order to maximize profits? A) Price should be $0.50 in both markets B) Price should be $2.50 on the West Coast and $1.50 on the East Coast C) Price should be $1.50 on the West Coast and $2.50 on the East Coast D) Price should be $0.40 on the West Coast and $0.33 on the East Coast