Adam is looking for a job in marketing. He has had some offers and his prospects are promising, but he has not yet accepted a job. Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead. Who is frictionally unemployed?

In the above figure, the amount of the tax per unit imposed on the sellers is

A) $0.50. B) $1.00. C) $1.50. D) $2.00.

A perfectly competitive firm, Paula's Pineapple Farm, is incurring a loss. In the short run it should continue to produce if ________, but in the long run, if there is no change in economic conditions, it should exit the industry.

A. price is equal to minimum ATC B. price is below minimum AVC C. price is above minimum ATC D. price is above minimum AVC