If, at its profit-maximizing output level, the price of the good is less than average variable cost, the firm should shut down immediately

John argues that when the price of a good decreases, people will purchase less of the good. This statement is

A) consistent with the law of demand. B) inconsistent with the law of demand. C) referring to money prices. D) consistent with the law of supply.

From 1950 until 2000, the labor force participation rate has

A. Increased for men and decreased for women. B. Decreased for men and increased for women. C. Increased for men and increased for women. D. Decreased for men and decreased for women.