Refer to the data provided in Table 10.3 below to answer the following question(s).
Table 10.3
Refer to Table 10.3. The most firms would be willing to pay per worker and hire three total workers is
A. $360.
B. $600.
C. $800.
D. $1,000.
Answer: D
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If the median voter voted against a project, we can infer that
A) at least half of the voters also voted against it. B) at most a third of the voters voted against the project. C) the project was approved. D) at least half of the voters voted in favor of the project.
The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support of the welders' union. This is known as
A) a closed shop. B) a union shop. C) a sympathy strike. D) a secondary boycott.
In cases where negative externalities are present, the equilibrium price in the market is higher than it should be to achieve the optimal allocation of resources
Indicate whether the statement is true or false
Recall the Application about craft beer and the increase in the price of hops to answer the following question(s).The reason why the demand for hops increased is because hops are inputs to the production of beer, and beer demand was rising.
Answer the following statement true (T) or false (F)