Suppose that the income tax in the United States was such that all households had to pay 20 percent of their income to the government as taxes. This tax is an example of

With coalition building and bargaining, transactions costs are higher the larger number of people involved

Indicate whether the statement is true or false

If the value of the marginal product of a worker is $20 and the market price of the good he produces is $5, his marginal product is:

A) 4 units. B) 10 units. C) 25 units. D) 100 units.