The above table shows the short-run total product schedule for the campus book store. What is the average product (AP) of the 4th employee?
A) 58 books sold
B) 14.5 books sold
C) 18 books sold
D) 13.3 books sold
B
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All of the following actions are potential rule -of-reason violations except which one?
A) a tying sale with a customer B) an exclusive dealings contract with a customer C) an agreement with a competitor firm not to bid on a contract D) a firm's agreement with a customer about the resale price of its product
The United States ran a trade deficit in 40 of the 45 years in which period?
a. 1800–1845 b. 1831–1875 c. 1845–1899 d. 1856–1900
Government regulation is
a. subject to the same problems of lack of information and lack of incentives for economic efficiency as centrally planned economies. b. the only reliable way to improve environmental quality. c. not subject to political concerns when it comes to environmental quality. d. the most economically efficient way to reduce greenhouse gases.
The U.S. Congress first instituted a minimum wage in
a. 1776. b. 1812. c. 1938. d. 1975.