Biology Forums - Study Force

During the short-run period of the production process, a firm is:
 a. unable to vary any of its factors of production.
 b. able to vary only some of its factors of production.
  c. able to vary all of its factors of production.
 d. able to vary the size of its plant.

QUESTION 2

Statistical discrimination is legal under the disparate impact standard but illegal under the treatment standard.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will fall mainly on consumers.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

A baseball player who is currently batting .350 will increase his batting average on a day that he goes _____ at the plate.
 a. 1 for 4.
  b. 1 for 3.
  c. 2 for 5.
  d. 2 for 6.

QUESTION 5

It has been proved empirically that marriage and children lowers a woman's ability to earn as much as a man.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 6

If price elasticity of supply is large and demand is price-inelastic, then the firm can earn positive profits by increasing the price.
 a. True
  b. False
  Indicate whether the statement is true or false

Content hidden