If a firm's marginal revenue exceeds its marginal cost, it should
a. raise its price
b. advertise more
c. lay off a few employees
d. cut back its overhead
e. increase its output
E
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Suppose that during a given month 200,000 persons who had been self-employed leave their business and get jobs working for other businesses. This will cause
A) the unemployment rate to rise. B) the unemployment rate to fall. C) payroll employment to rise. D) payroll employment to fall. E) no change in either the unemployment rate or payroll employment.
Which of these instances would constitute labor-market discrimination? Courtney and Nicole are identical in all of their labor-market characteristics except that Courtney earns a higher salary than Nicole because
a. Courtney is beautiful and Nicole is not. b. Courtney is 40 years old and Nicole is 60 years old. c. Courtney works the night shift and Nicole works the day shift. d. Courtney attended on the job-training seminars which allows her to do tasks Nicole is not qualified for.