question
Increase wages
answer
A labor union is an organized group of workers that aims to _____ and influence other job conditions of its members.
question
Julie pays rent of $1,200 a month for her apartment.
answer
Which of the following is an example of a factor price?
question
firm; household; labor
answer
A job is a contract between a _____ and a _____ for providing _____ services.
question
Coal and oil.
answer
Which of the following are examples of nonrenewable natural resources?
question
Jim produces 20 jackets a day in his garment factory and hires labor used to produce that profit maximizing quantity.
answer
Which of the following is an example of derived demand?
question
price; output multiplied
answer
Value of marginal product is the value to a firm of hiring one more unit of a factor of production, which equals the _____ of a unit of _____ by the marginal product of the factor of production.
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