« previous next »

Author Question: The federal minimum wage automatically increases every year for inflation. Indicate whether the ... (Read 81 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
The federal minimum wage automatically increases every year for inflation.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is true when the government imposes a price ceiling on a monopolist?
 
  A) Marginal revenue becomes horizontal.
  B) Marginal revenue is linear.
  C) Marginal revenue is kinkedhorizontal and then downward sloping.
  D) Marginal revenue is kinkeddownward sloping and then horizontal.


trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

F

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Exercise increases the heart rate. Exercise increases the heart rate.
Cause of Inflation Cause of Inflation
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library