The firm would have a better bargaining position in the negotiations if
a. It can hire the non union "scabs" at a better wage
b. The union has younger workers who cannot afford to be off work
c. The union has a strike fund to pay workers during work stoppage actions
d. Only A&B
d
Economics
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As the price elasticity of supply approaches infinity, very small changes in price lead to
a. very large changes in quantity supplied. b. very small changes in quantity supplied. c. no change in quantity supplied. d. None of the above is correct.
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What is the difference between total utility and marginal utility?
Please provide the best answer for the statement.
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