Labor unions create a rent when they succeed. This rent forces employers or management to return some of their profits to unionized workers in the form of improved working conditions, health benefits or increased wages

Stan owns a software design business. He does not have time to expand his office space or redesign the layout of his office

He can increase the amount of work he does by working more hours, asking his current employees to work more hours, or hiring more employees. The relationship between Stan's inputs and the maximum output his firm can produce is called his A) short-run production function. B) cost function. C) long-run production function. D) production possibilities frontier.

Advances in chemical and biological applications before World War I (1914–1918) increased agricultural output per acre

Indicate whether the statement is true or false