The slope of a straight line is not constant unless the line is vertical or horizontal.

Which of the following best describes how the U.S. Department of Labor treats discouraged workers in its calculations?

a. They are counted as unemployed members of the labor force. b. They are counted as unemployed but not as members of the labor force. c. They are not counted as unemployed but are counted as members of the labor force. d. They are not counted as unemployed or as members of the labor force.

When a monopolist chooses the level of output where marginal cost equals marginal revenue the price:

A. equals marginal revenue. B. equals average revenue. C. is lower than average revenue. D. is lower than marginal revenue.