Suppose the market demand elasticity is constant at -2, and there are three identical firms in the oligopolistic market. A Cournot firm's MPL = 1.2L-0.5, then the labor demand for a Cournot firm is

By 1913, steel making by Bessemer converter had been completely surpassed by

(a) continuous casting integrated mills. (b) the Basic Oxygen furnace. (c) electric furnaces. (d) open hearth furnaces.

Which of the following statements accurately reflects research findings on the distribution of colonial wealth?

a. The poorest 20 percent of colonist controlled nearly 20 percent of colonial wealth. b. Distributional inequality tended to be greater in rural areas than in cities, particularly in New England. c. Colonial wealth was distributed more unequally in the Middle colonies than in the South or New England. d. The opportunity for income mobility was probably greater in the colonies than in England.