Author Question: A decrease in the capitallabor ratio would result in: a. higher labor productivity because labor ... (Read 112 times)

mp14 · **on:** Jun 30, 2018

A decrease in the capitallabor ratio would result in:
a. higher labor productivity because labor does more work.
b. lower labor productivity because labor is working with relatively less capital.
c. higher labor productivity because labor is producing less capital and more of other goods.
d. lower labor productivity because more capital is available.
e. higher labor productivity because more capital is available.

Question 2

The Celler-Kefauver Act made it illegal to:
a. provide selective discounts.
b. set prices below marginal cost.
c. conspire to collude.
d. buy with cash a competitor's patents, plants, or equipment.
e. price discriminate.