The Justinian code:
a. Summarized the laws of Greece
b. Was the first example of common law
c. Codified the laws of the Roman Empire
d. Were written by Justinian himself
e. Both c and c are correct
C
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Exhibit 12-2 Unemployment categories Category# ofIndividuals Frictional unemployment 20 Structural unemployment 35 Cyclical unemployment 60 Discouraged workers 5 Underemployed workers 10 Fully employed workers410 Population900 The unemployment rate for the economy in Exhibit 12-2 is:
A. 12.8 percent. B. 21.5 percent. C. 22.2 percent. D. 30.5 percent.
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 120 ? 6Q, where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 2Q1 and MC2 = 4Q2. How much output should be produced in plant 1 in order to maximize profits?
A. 6 B. 12 C. 3 D. 9