The change in total revenue due to one unit change in labor usage is called marginal revenue
Indicate whether the statement is true or false
false
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In the early 1900s,
a. federal and state governments typically supported management and opposed labor unions. b. "government by injunction" was a strong weapon for combating strikes. c. using troops to break strikes was considered a legitimate use of police power. d. the Supreme Court upheld employers' use of antiunion contracts. e. All of the above.
An exchange rate is the number of units of:
a. a nation's money that is equal to one unit of another nation's money. b. a nation's output that is equal to one unit of another nation's output. c. gold backing a nation's money. d. none of these.
The Justice Department and the Federal Trade Commission are likely to oppose mergers
a. that seem likely to increase efficiency. b. that create a larger firm with economies of scale in a contestable market. c. which will help one of the merging firms out of financial difficulties. d. which threaten to reduce competition.
A government currently uses price controls to hold down the price of zinc, an exhaustible resource. If price controls are removed,
A. production of zinc will probably fall. B. zinc mines with high marginal cost of production will probably stop producing. C. consumers of zinc will probably want substitutes for zinc. D. income will probably be redistributed from zinc producers to zinc consumers.