What is most likely to increase the total output of a firm in the short run? A a rise in the length of the working day B a rise in the number of days holiday a rise in the school leaving age D a rise in unemployment payments What will make it harder for a trade union to increase the wage rate for its members, without reducing employment? A a switch from short-term to long-term fixed contracts of employment В an increase in the number of substitutes for the product C growth in an economy and increased demand for labour D lower price elasticity of demand for the product

What is most likely to increase the total output of a firm in the short run? A a rise in the length of the working day B a rise in the number of days holiday a rise in the school leaving age D a rise in unemployment payments What will make it harder for a trade union to increase the wage rate for its members, without reducing employment? A a switch from short-term to long-term fixed contracts of employment В an increase in the number of substitutes for the product C growth in an economy and increased demand for labour D lower price elasticity of demand for the product

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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