Compared to France, the U.S. has a ______ union membership percentage of its labor force.
Fill in the blank(s) with the appropriate word(s).
higher
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The table above shows the marginal costs and marginal benefits of college education. The marginal private benefit of college education at the efficient amount of enrollment is
A) $20,000 per year. B) $16,000 per year. C) $12,000 per year. D) $14,000 per year.
Refer to Table 11-5. Consider the statistics in the table above in describing the industrialized countries. Are these consistent with the economic growth model? Briefly explain
What will be an ideal response?
The Acme Company is a perfect competitor in its input markets and a monopolist in its output market. Its average product of labor is 30, the marginal product of labor is 20, the price of labor is $20, and the price of the output is $5
For Acme Company, the marginal revenue product of labor A) is $100. B) is $150. C) is $400. D) is $600. E) cannot be determined with the information provided.
When a tax is present in a market, the price paid by consumers:
A. equals that received by suppliers, but it is higher than the market price in the absence of taxes. B. is greater than that received by suppliers. C. is less than that received by suppliers. D. equals that received by suppliers, but it is lower than the market price in the absence of taxes.