The negative slope of the labor demand curve can be attributed to:

"According to the Coase theorem, if Gabriel wants the local television station to cease having helicopters fly over his house at night, he will be more likely to be able to reach an agreement with the station if the property right to the airspace is

clearly defined and the transaction costs of negotiating are high." Is this statement true or false? Explain your answer.

Refer to Scenario 1-1. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 400 t-shirts?

A) sales revenue B) gross earnings C) gross profit D) marginal revenue