Earnings sharing regulation helped to improve a public utility's profit seeking efficiency incentives
Indicate whether the statement is true or false
T By sharing gains in rate of return above the allowed level (instead of having it taken away), a public utility can be motivated to improve the rate of return.
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Employment in the tertiary sector in the 20th century showed
(a) a marked cyclical tendency in harmony with the business cycle. (b) a leveling off in times of recession. (c) a downturn during cyclical expansions. (d) a steady increase since 1900.
Use the above table. If the marginal revenue product is $30, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?
A) 1; $10 B) 2; $15 C) 3; $20 D) 4; $25
Since World War II, the percentage of U.S. workers who are unionized has declined from about 86 percent to its current level of 60 percent
a. True b. False Indicate whether the statement is true or false
Suppose the consumer price index (CPI) for Year X is 130 . This means the average price of goods and services is
a. currently $130. b. 130 percent more in Year X than in the base year. c. 130 percent more in the base year than in Year X. d. priced at 30 percent more in Year X than in the base year.