The federal agency established in 1934 to regulate telephones and broadcasting industries is the:
a. Interstate Commerce Commission (ICC).
b. Federal Trade Commission (FTC).
c. Securities and Exchange Commission (SEC).
d. Equal Employment Opportunity Commission (EEOC).
e. Federal Communications Commission (FCC).
e
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The informal sector is characterized by
a. firms that don't pay their taxes b. firms from other countries that are not subject to local laws c. firms producing illegal goods d. firms that are small and often able to avoid many government regulations e. all of the above
The table above shows the weekly relationship between output and number of workers for a factory with a fixed size of plant
a. Calculate the marginal product of labor. b. At what point does diminishing returns set in? c. Calculate the average product of labor. d. Find the three stages of production.