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Author Question: In New York City, about 1 million apartments are subject to rent control by the local government. ... (Read 140 times)

bobthebuilder

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In New York City, about 1 million apartments are subject to rent control by the local government. Rent control
 
  A) puts a legal limit on the rent that landlords can charge for an apartment.
  B) is a government policy which limits apartment rental to those people whose incomes are less than 50,000 per year.
  C) is a price floor which sets a minimum rent for apartments.
  D) only applies to those apartments which are owned and rented out by the local government.

Question 2

The average product of labor increases as output increases if _______.
 
  A. marginal product exceeds average product
  B. average product exceeds marginal product
  C. total product increases
  D. marginal product increases


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Kingjoffery

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bobthebuilder

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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