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Author Question: Consider the straight-line demand curve illustrated in the above figure. At what price is total ... (Read 47 times)

rlane42

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on: Jun 29, 2018
Consider the straight-line demand curve illustrated in the above figure. At what price is total revenue maximized?
 
  A) at a price of 8
  B) at a price of 6
  C) at a price of 4
  D) More information is needed to determine the price at which total revenue is maximized.

Question 2

What is a marginally attached worker?
 
  What will be an ideal response?


wtf444

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A marginally attached worker is a person without a job, who is available and willing to work, but who has stopped looking in the recent past. One type of marginally attached worker is a discouraged worker. Essentially, a discouraged worker is someone who wants a job but has grown so discouraged about finding one, he or she has stopped looking.


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