Managers can get workers to work longer hours:
A. by lowering wages on all hours worked.
B. by increasing wages on all hours worked.
C. with higher overtime pay in excess of regular hourly pay.
D. with lower overtime pay in excess of regular hourly pay.
Answer: C
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Acme Brands invested $5 million in 2010 on new equipment, spent $750 thousand to increase its inventory of intermediate components, and added $25 thousand to its inventory of finished goods
At year's end, the components inventory is found to be $200 thousand above its beginning-of-the- year level, and finished goods inventory is up $30 thousand over its starting level. Calculate planned investment, unplanned investment, and actual (total) investment.
To maximize expected profit, a perfectly competitive firm with a random marginal cost and known demand should produce at the level that sets ________ equal to ________.
A) marginal cost; marginal revenue B) expected marginal cost; marginal revenue C) expected marginal cost; expected marginal revenue D) marginal cost; expected marginal revenue
Pollution is a form of market failure called a negative externality
a. True b. False
Which of the following is true of a beneficial supply shock?
What will be an ideal response?