Learning by doing will result in
A) an upward sloping long-run average cost curve.
B) a larger long-run marginal cost than long-run average cost.
C) a rotation in the isocost curves.
D) lower long-run costs than short-run costs.
D
Economics
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The type of labor agreement that requires workers to be union members prior to being considered for employment is a
A) right-to-work agreement. B) closed-shop agreement. C) union shop agreement. D) open-shop agreement.
Economics
When a tax is placed on the buyers of a product, buyers pay
a. more and sellers receive more than they did before the tax. b. more and sellers receive less than they did before the tax. c. less and sellers receive more than they did before the tax. d. less and sellers receive less than they did before the tax.
Economics