The Employment Act of 1946 continues to impact us today. It gives the federal government official responsibility in managing full-employment efforts in the U.S. through fiscal policy

Refer to the table below. At the $3 price for labor the most efficient technique will result in an:

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.



A. Economic loss of $2
B. Economic profit of $l
C. Economic profit of $2
D. Economic profit of $3

Sport Tee Corporation manufactures T-shirts bearing the logos of professional football teams. The wholesale market for sport T-shirts is perfectly competitive. The manager forecasts the wholesale price of T-shirts next year to be $7.00. The firm's estimated marginal cost isSMC = 12 ? 0.005Q + 0.0000008Q2where Q is the number of T-shirts produced and sold each month. Sport Tee Corporation will have a fixed cost of $2,000 per month. Monthly profit will be

A. $2,250 B. $4,250 C. -$1,150 D. -$2,000 E. $3,400