"Your college didn't choose to admit you as a student." Your textbook authors make such a statement in order to
A) offend you.
B) confuse you.
C) remind you that beggars can't be choosers.
D) emphasize that choices are made by particular individuals, even if they are in the name of organizations.
D
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Marginal cost is calculated for a particular increase in output by
A) dividing the change in total cost by the change in output. B) dividing the total cost by the change in output. C) multiplying the total cost by the change in output. D) multiplying the change in total cost by the change in output.
The law commonly known as the ______________ can impose an 80-day “cooling-off period” to allow time for negotiations to proceed without the threat of a work stoppage.
a. Fair Labor Standards Act b. Clayton Act c. Taft-Hartley Act d. Peonage Act
Since 1996, productivity growth has ________ and real wages have ______.
A. risen; risen B. fallen; fallen C. risen; fallen D. fallen; risen
A perfectly inelastic supply curve is: a. upward sloping to the right
b. downward sloping to the left. c. horizontal. d. vertical.