Author Question: In many rural areas, electric generation and distribution utilities were initially set up as ... (Read 55 times)

cookcarl · **on:** Jul 1, 2018

In many rural areas, electric generation and distribution utilities were initially set up as cooperatives in which the electricity customers were member-owners. Like most cooperatives, the objective of these firms was to:

A) maximize profits for the member-owners.
B) maximize total revenue that could be redistributed to the member-owners.
C) operate at zero profit in order to provide low electricity prices for the member-owners.
D) minimize the costs of production.

Question 2

Refer to Figure 14.3. To maximize the number of workers hired, the labor union will agree to wage rate:

A) W0.
B) W1.
C) W2.
D) W3.
E) none of the above