Patrick is considering two different jobs in the same city-one as a bicycle courier, and the other as a mail room clerk. Both require equivalent training. He finds neither job very appealing, but, if they pay the same wage rate, Patrick would prefer to work as a mail room clerk. In order for Patrick to find the two jobs equally attractive, the
a. mail room job must pay a compensating wage differential
b. mail room job must pay a preference premium
c. courier job must pay a compensating wage differential
d. courier job must involve longer working hours
e. mail room job must involve longer working hours
C
Economics
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If a firm operates at a loss, the loss is equal to TC - TR. If the firm shuts down instead, its loss is equal to FC. Given this, show that price must exceed AVC for the firm to operate at a loss and not shut down
What will be an ideal response?
Economics
Decisions regarding purchases and sales of government securities by the Fed are made by the:
a. Federal Funds Committee. b. Discount Committee. c. Federal Open Market Committee. d. FDIC.
Economics