« previous next »

Author Question: Consider the straight-line demand curve illustrated in the above figure. At what price is total ... (Read 76 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
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

  • Sr. Member
  • ****
  • Posts: 314
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

A Double-Line Spectroscopic Binary A Double-Line Spectroscopic Binary
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ... What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ...
Position effect, as illustrated in the eye phenotype in two female Drosophila Position effect, as illustrated in the eye phenotype in two female Drosophila
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library