The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The total variable cost of producing 18 baseball hats per hour is

When the minimum wage is raised, the ________ union labor ________

A) demand for; increases B) demand for; decreases C) supply of; increases D) supply of; decreases E) demand for; does not change

What do cooperative firms do if they make a profit?

A) Cooperatives never earn profits, so this issue does not occur. B) Cooperatives must pay their profits to the federal governments as a windfall profit tax. C) Cooperatives must keep half of the profits and return the other half to their members. D) Cooperatives generally return the profits to their members as a dividend.