If a purely competitive firm is producing where price exceeds marginal cost, then: Group of answer choices the firm will fail to maximize profit and resources will be overallocated to the product. the firm will fail to maximize profit and resources will be underallocated to the product. resources will be underallocated to the product, but the firm will maximize profit. the firm will fail to maximize profit, but resources will be efficiently allocated.

Dr. dow jones wants to know whether a problem-based approach to teaching economics will result in higher academic performance than his traditional method. of the six sections of economics 101 at his university, dr. jones randomly assigns three sections to the traditional method and three sections to the problem-based method for unit 1 of the course. then all sections switch the instructional method for unit 2. he plans to compare the performance of the two groups of sections on their unit 1 and unit 2 exams. this study employs a design.

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate