In bargaining between a bureau and the legislature over a budget, the legislature decides to purchase a certain amount of output at certain price and negotiates both simultaneously. This gives the bureau the opportunity to _____
a. minimize their effort
b. extract all the legislature's consumer surplus from the bureau's output
c. maximize the bureau's profits
d. maximize the budget's producer surplus by extracting from the legislature large rents
b
Economics
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In the above figure, a recession begins at point ________ and an expansion begins at point ________
A) a; b B) b; c C) b; a D) d; c
Economics
Capital and labor only very recently have been free to move across international borders
Indicate whether the statement is true or false
Economics
When minority workers gain access to better occupations, they are evenly distributed within each occupational group
Indicate whether the statement is true or false
Economics
What's the firm's contribution margin per unit?
a. $12 b. $10 c. $8 d. $4
Economics