Labor costs account for approximately ________ of total production costs.
A. three-fourths
B. half
C. one-fourth
D. one-third
Answer: A
You might also like to view...
An association of producers such as OPEC that agrees to set common pricing or output goals is referred to as a
A) cartel. B) conglomerate. C) monopoly. D) partnership.
A tax is progressive if it raises a greater fraction of total tax revenue every year
a. True b. False Indicate whether the statement is true or false
According to the theory of liquidity preference, the interest rate adjusts to balance the supply of, and demand for, loanable funds
a. True b. False Indicate whether the statement is true or false
The government is most likely to block a proposed merger between two companies when:
A. the cross-elasticity between the companies' products is positive and large. B. the income elasticity of the companies' products is negative. C. the cross-elasticity between the companies' products is negative and large. D. the income elasticity of the companies' products is positive.