Refer to the given data. If the prices of labor and capital are $9 and $15 respectively, at the profit-maximizing level, the firm's total output will be:
A. 38 units.
B. 60 units.
C. 64 units.
D. 27 units.
C. 64 units.
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Which of the following is NOT considered to be a benefit of unionism?
A) increased featherbedding B) greater workplace safety C) higher workforce stability D) provision of arbitration and grievance procedures
All of the following are assumptions of the production possibilities curve EXCEPT
A) resources are fully employed. B) there is a fixed time period. C) there is a fixed level of technology. D) there is a fixed demand for the products.
The marginal revenue curve for a perfectly competitive firm will be downward sloping.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. The marginal revenue of the 12th pound of burritos is
A. -$4. B. -$3. C. $2. D. $8.