The government agency charged with environmental regulation is the
a. Justice Department
b. Department of Commerce
c. Federal Trade Commission
d. Environmental Protection Agency
e. Internal Revenue Service
D
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Refer to Figure 4-9. What area represents consumer surplus after the imposition of the price floor?
A) A + B B) A + B + E C) A + B + E + F D) A
The use of thorough job orientation helps to increase productivity through
A. mass production. B. participative decision making. C. training and education. D. quality of work life.
A price-setting firm faces the following estimated demand and average variable cost functions:Qd = 800,000 - 2,000P + 0.7M + 4,000PRAVC = 500 - 0.03Q + 0.000001Q2where Qd is the quantity demanded, P is price, M is income, and PR is the price of a related good. The firm expects income to be $40,000 and PR to be $53. Total fixed cost is $2,600,000. What price should the firm charge in order to maximize profit?
A. $510 B. $420 C. $445 D. $400 E. $356
The Wagner Act
A) permitted unions to engage in collective bargaining. B) permitted states to pass right-to-work laws. C) restricted activities of heads of unions that were not beneficial to union members. D) mandates compulsory arbitration in some key industries.