Workers in unions reap the benefit of collective bargaining, while workers not in unions bear some of the cost
a. True
b. False
Indicate whether the statement is true or false
True
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In Figure 6-3(a), demand is
A. perfectly elastic. B. perfectly inelastic. C. unit elastic. D. fixed at one particular quantity.
The marginal utility gained from the consumption of successive units of a typical good:
A. tends to decrease. B. tends to increase. C. may increase or decrease depending on the cost of the good. D. tends to stay the same.
The traditional role of savings and loan associations has been to lend money for ________.
Fill in the blank(s) with the appropriate word(s).
A local video store estimates its average customer's demand per year is Q = 7 ? 2P, and it knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two-part pricing?
A. $0.35 B. $0.7 C. $1.00 D. $0.5