Suppose a firm manager has a base salary of $75,000 and earns 1.5 percent of all profits. Determine the manager's income, if revenues are $10,000,000 and profits are $5,000,000.

The law of demand says that the lower the price charged for a good, ceteris paribus, the:

A. greater the quantity demanded per period of time. B. greater the demand for the good per period of time. C. smaller the demand for the good per period of time. D. smaller the quantity demanded per period of time.

Economists say that the economy is at "full employment" when the

A) total unemployment rate is zero. B) structural unemployment rate is zero. C) cyclical unemployment rate is zero. D) frictional unemployment rate is zero.