When did union membership show its biggest increase?
A. 1925-1935
B. 1935-1945
C. 1945-1955
D. 1955-1965
B. 1935-1945
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If a monopolistically competitive seller's marginal cost is $3.56, the firm will decrease its output if
A) its marginal revenue is less than $3.56. B) its marginal revenue is equal to $3.56. C) its marginal revenue is more than $3.56. D) its average total cost is equal to $4.00. E) Both answers B and D are correct.
A doubling of the current minimum legal wage is likely to confer the most benefit and impose the least harm on members of which group listed below?
A) Employers who own small businesses B) Highly skilled workers C) Shareholders of large corporations D) Teenagers E) Unskilled workers
Bart operates a lemonade stand in front of his house. His father works at the Springfield Nuclear Power Plant. Which of the following is most likely to be true about the calendar time period associated with the short run for the two industries?
A. The short run would be one year for the lemonade stand and exactly two years for the nuclear plan
B.The short run is longer for the power plant than it is for the lemonade stand
C.The short run is the same for the power plant as it is for the lemonade stand.
D. The short run is shorter for the power plant than it is for the lemonade stand.
An increase in capital increases productivity only if it is purchased and operated by domestic residents
a. True b. False Indicate whether the statement is true or false