The "division of labor" refers to
a. discrimination in labor markets
b. separating a job into smaller tasks completed by different people
c. one worker who divides his time among different jobs and duties
d. defining a job according to the appropriate sex
e. the fact that two 20-year-olds are more productive than one 40-year-old
B
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Refer to Figure 12-2. What is the amount of profit if the firm produces Q2 units?
A) It is equal to the vertical distance c to g multiplied by Q2 units. B) It is equal to the vertical distance g to Q2. C) It is equal to the vertical distance c to Q2. D) It is equal to the vertical distance c to g.
Two goods that are substitutes are
a. bacon and eggs b. camera and film c. tennis racket and tennis balls d. movie theater tickets and DVD rentals e. coffee and cream