The origin of a graph is the intersection of the two axes, where the value of both variables is zero.

Answer the following statement true (T) or false (F)

True

Economics

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The unemployment rate is calculated as: a. the number of officially unemployed persons divided by the number of officially employed persons

b. the number of officially employed persons divided by the number of officially unemployed persons. c. the number of officially unemployed persons divided by the number of officially employed plus unemployed persons. d. the number of officially unemployed persons divided by the population.

Economics

An unregulated pure monopolist will maximize profits by producing that output at which:

A. P = MC. B. P = ATC. C. MR = MC. D. MC = AC.

Economics