Ceteris paribus, the wages of clerks would increase if there was a decrease in:
a. the period of training required for clerk jobs.
b. non-monetary fringe benefits received by clerks.
c. the marginal revenue product of clerks.
d. the cost of medical insurance benefits paid to clerks.
Question 2
Suppose a parent company producing sportswear decides take back some formerly franchised outlets and operate them with its own employees. This form of vertical integration will allow the parent company:
a. to practice price discrimination.
b. to charge a uniform price for its products across the globe.
c. to lower its costs of operation and increase sales.
d. to test operating techniques that might make the franchisees bettor competitors.
Shelled invertebrate fossils of the Ordovician period
Analogy for How Magnetic Field Strengths Increase
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
Embryonic Period
Embryonic Period
Digital illustration of a fish that was believed to have become extinct during the Cretaceous Period