« previous next »

Author Question: The federal minimum wage automatically increases every year for inflation. Indicate whether the ... (Read 112 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?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
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
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library