The principal-agent problem is
A) often less severe for partnerships than for corporations.
B) often more severe for partnerships than for corporations.
C) severe for corporations but nonexistent for partnerships.
D) most severe for sole proprietorships.
A
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Marginal revenue product of labor for a competitive seller is
A) equal to the marginal product of labor multiplied by the output price. B) the marginal revenue of the product multiplied by the output price. C) the change in total product from hiring one more worker. D) the output price multiplied by the quantity sold.
Wage discrimination occurs when people are paid different salaries based upon: a. education
b. ethnicity. c. willingness to work. d. talent.
Most of the states, including those that did not expand Medicaid, have eligibility thresholds that exceed the level set for household incomes set by the ACA (138 percent of the federal poverty level). This is true for all of the following groups except one. Which one?
a. Working-aged adults without dependents b. Pregnant women c. Children (under age 19) living in those households d. Disabled regardless of marital status