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Question
If a union sets the wage rate to maximize the total wage receipts of its members, the marginal revenue would be
A) zero.
B) negative.
C) positive, but greater than 1.
D) positive, but less than 1.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Q:
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Q:
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Q:
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Q:
Which of the following statements is FALSE?
A) The rationing function of prices is not allowed to freely operate when the government imposes price controls.
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Assume that coffee and tea are substitutes. Given a downward sloping demand curve for tea, an increase in the price of tea will causeA) an increase in the demand for coffee. B) a decrease in the demand for coffee.C) a leftward shift of the demand curve for tea. D) a leftward shift in the demand for coffee.
Q:
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Q:
Discuss the relationship between world trade and world Gross Domestic Product (GDP) since the early 1950s.
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