The ability of employers to increase their net revenue by paying low wages is limited primarily by
A) federal and state legislation.
B) the fact that net revenue is maximized when marginal revenue equals marginal cost.
C) the other opportunities available to employees.
D) the right of labor unions to strike.
C
Economics
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The United States had the largest real GDP per person until the 2012 when the China's real GDP per person overtook and then exceeded that in the United States
Indicate whether the statement is true or false
Economics
Refer to Figure 4-15. The price buyers pay after the tax is
A) $7. B) $20. C) $22. D) $27.
Economics