The above table shows the total product schedule for the campus book store. If each employee is paid $6 per hour, what is the average variable cost of selling 83 books per hour (assuming labor costs are the only variable costs of production)?

Explain how labor unions may create structural unemployment

What will be an ideal response?

Which of the following will increase economic freedom?

a. low rates of inflation and easy access to money that maintains its purchasing power b. high tariff rates c. government spending that comprises a large share of the economy d. rapid and unpredictable inflation