A monopolist would not be able to make a positive profit at any price output combination when
A) marginal cost is less than average total cost for one more unit of output.
B) the average variable cost curve is everywhere above the marginal revenue curve.
C) the minimum point of the average total cost curve lies to the right of the minimum of the average variable cost curve.
D) the average total cost curve is everywhere above the demand curve.
D
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Limitations of bargaining include:
A. contracts may not need enforcing. B. property rights might be assigned in the wrong way. C. if the parties have too much information, bargaining may be unnecessary. D. None of these is correct.
Discuss how tax burdens are related to the elasticity of labor.What do most economists believe is true about the elasticity of labor supply in the United States and the burden if any that workers bear?
What will be an ideal response?
Which landmark legislation protected the right of workers to organize and bargain collectively?
a. Landrum-Griffen Act b. Taft-Hartley Act c. Wagner Act d. Walsh-Healy Act
Open market operations affect the supply of reserves
a. True b. False Indicate whether the statement is true or false