"Voluntary" (Also Called Permissive or Non-Mandatory)issues Must Be Bargained Over

question 21

True/False

"Voluntary" (also called permissive or non-mandatory)issues must be bargained over but agreement does not have to be reached.

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Definitions:

Output Increases

A situation where a firm or economy produces a greater quantity of goods or services.

Total Variable Cost

The sum of expenses that vary directly with the level of production output, excluding any fixed costs.

Marginal Cost

The additional cost incurred from producing one more unit of a product or service.

Decreasing Rate

A situation where the rate of growth or progression reduces over time.