If a union sets the wage rate to maximize the total wage receipts of its members, the marginal revenue would be
A) zero.
B) negative.
C) positive, but greater than 1.
D) positive, but less than 1.
A
Economics
You might also like to view...
In December 2009, currency outside of banks was $400 billion, traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $600 billion, saving deposits were $2,000 billion, time deposits were $1,500 billion; and
money market funds were $1,200 billion. What was the M2 in December 2009? A) M2 = $5,705 billion B) M2 = $3,705 billion C) M2 = $1,005 billion D) M2 = $2,505 billion E) M2 = $5,700 billion
Economics
How do Pigouvian taxes help in reducing pollution?
What will be an ideal response?
Economics