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Author Question: In many rural areas, electric generation and distribution utilities were initially set up as ... (Read 75 times)

cookcarl

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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


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blakcmamba

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


cookcarl

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Reply 2 on: Jul 1, 2018
Gracias!

kthug

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Reply 3 on: Yesterday
Excellent

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