Individuals cannot buy unemployment insurance for themselves. The most likely reason for this is

The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is

A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices.

If a firm is experiencing diminishing marginal returns to labor, then

a. total output must be decreasing b. total output rises more slowly as additional workers are added c. the firm must decrease the amount of labor it hires d. total output per worker must be rising e. the firm must be operating in the long run