The QWERTY keyboard is an example of a company __________________.
Fill in the blank(s) with the appropriate word(s).
setting the industry standard
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Suppose a market is currently served by an incumbent firm. If a potential entrant can enter prior to the incumbent firm announcing its output (or price), the entrant will enter the market and force the incumbent to compete.
Answer the following statement true (T) or false (F)
Given the production function q = 1.37LK, what is the marginal product of labor?
A) 1.37 B) 0 C) 1.37K D) Cannot be determined with the information given.
People behave rationally when they
A) follow the advice of government leaders. B) never have regrets about their decisions. C) make decisions they think will make themselves better off. D) make decisions solely based on financial outcomes.
People from which nation were most likely to come to colonial North America as indentured servants?
a. England. b. Liberia. c. Germany. d. France.