On average, college graduates earn significantly more income than those with less education and the disparity tends to widen into middle age

Refer to the table above. For which of the following choices is the marginal total cost the lowest?

A) Choosing factory Close over factory Far B) Choosing factory Far over factory Very Far C) Choosing factory Very Close over factory Close D) Choosing factory Close over factory Very Far

If the actual price level is higher than the expected price level, the economy will: a. have no structural unemployment. b. experience a recession

c. experience stagflation. d. expand output in the short run. e. have no seasonal unemployment.