Those who engage in the practice of discrimination today are generally quite blatant

In order for the law of diminishing returns to be present, we must have:

a. at least one factor of production to be fixed. b. output decreasing as more laborers are hired. c. the price of labor increasing as more workers are hired. d. simultaneous changes in labor and capital. e. double the output when labor input is doubled.

Government rules and regulations can, at times,

A) higher transactions costs. B) lower transactions costs. C) better management. D) all of these choices.