Which of the following methods is used by unions to increase the demand for the labor of its members?
A) Decrease the marginal product of union members.
B) Support minimum wage laws.
C) Oppose import restrictions.
D) Decrease demand for the good produced.
B
Economics
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Firms maximize profit when
A) the additional benefit from producing a good equals the additional cost of producing that good. B) MR = MC. C) the derivative of the profit function with respect to output is zero. D) All of the above.
Economics
Give an example that is not in the text of how price can become indeterminate.
What will be an ideal response?
Economics