The way that economists explain it, the worker is a ________ in the________ market.
A. buyer; job
B. seller; labor
C. buyer; labor
D. seller; job
Answer: B
Economics
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Which of the following is a simultaneous decision game?
A) Tic-tac-toe B) Chess C) Poker D) Rock-paper-scissors
Economics
Marginal revenue is the
A) ratio of total revenue to quantity. B) difference between total revenue and total costs. C) added revenue that a firm takes in when it increases output by one additional unit. D) additional profit the firm earns when it sells an additional unit of output.
Economics