Suppose the production function for coffee (C) is C = min(B,W), where B = beans in pounds and W = water in gallons. Suppose the price of water is $.10 per gallon and the price of beans is $10 per pound. The cost minimizing combination of beans and water for C = 200 is

The reasons why someone cannot get a job are similar to the reasons why someone cannot get a date

Using the ideas of frictionally unemployed, structurally unemployed, and cyclically unemployed, describe and explain how a student at your university might be frictionally "undated," structurally "undated," and cyclically "undated."

One reason the housing bubble occurred is because:

A. the recency effect caused homes to typically be undervalued. B. securitization removed much of the risk from the sellers of subprime mortgages. C. the herd instinct caused everyone to believe home prices would continue to fall. D. All of these statements are true.