The RH Snippet Company has one president and 1000 assembly line workers. Which of the following events

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The RH Snippet Company has one president and 1000 assembly line workers. Which of the following events would have a bigger impact on the price of RH Snippets and why?

a. The president gets a raise of $1,000,000 a year.

b. A new union contract raises each worker's wages by $1000 a year, but allows the firm to fire as many workers as it wants to.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:15 AM

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The RH Snippet Company has one president and 1000 assembly line workers. Which of the following events

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The presidents salary is a fixed cost and has no effect on pric...View the full answer

Price theory and applications

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