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Which of the following would be recorded in the U.S. goods export account?

Suppose a firm can hire 100 workers at $8.00 per hour but must pay $8.05 per hour to hire 101 workers. Marginal factor cost (MFC) for the 101st worker is approximately equal to:

“Dividing the economic pie more equally may reduce the size of the economic pie.” This argument is characterized as:

Exhibit 13-1 Cable television monopolist ​ ​ As shown in Exhibit 13-1, an unregulated cable television monopolist would operate at which point on its demand curve:

Exhibit 11-1The firm hires labor competitively and sells its product in a competitive price-taker market. Units of Labor (per day) Total Output (dollars) Product Price 1 15 6 2 30 6 3 40 6 4 48 6 5 54 6 6 59 6 7 62 6 ​ Refer to Exhibit 11-1. If the market wage rate is $25 per day, how many workers should the firm hire if it wants to maximize profits?

Exhibit 11-11 Labor wage and cost data Labor Wage TWC MFC 10 $       $  50.00 $         11   5.80     12       17.80 13     102.70   14     126.00   15       46.50 ​ ​ In Exhibit 11-11, the total wage cost of hiring 12 employees is equal to:

Which one of the following examples is a cash assistance program used to fight poverty in the United States?

Exhibit 11-1The firm hires labor competitively and sells its product in a competitive price-taker market. Units of Labor (per day) Total Output (dollars) Product Price 1 15 6 2 30 6 3 40 6 4 48 6 5 54 6 6 59 6 7 62 6 ​ Refer to Exhibit 11-1. What is the marginal revenue product of the fifth unit of labor?

Which of the following is most likely to lead to persistence of economic profit in the long-run?

If a firm offers quantity discounts or special promotional allowances only to favored distributors and the effect is to substantially lessen competition, then it is in violation of the: