In 1900, in Regards to the Work Conditions in American

question 20

Multiple Choice

In 1900, in regards to the work conditions in American factories,

• A)workers generally controlled the pace of production.
• B)laborers could expect to work at least sixty hours a week.
• C)job security for industrial workers had significantly increased since 1865.
• D)while safety conditions were poor, mechanization reduced the overall rate of accidents.
• E)first-generation workers generally had little trouble adjusting to the nature of industrial labor.

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Definitions:

Identical Firms

Identical firms are businesses within the same industry that produce and sell products or services that are very similar in nature, leading to direct competition.

Demand Curve

A graph that illustrates the connection between the cost of a product and the amount of the product buyers are ready to buy at various costs.

Marginal Revenue

The increase in total revenue that results from selling one additional unit of a product.

Average Revenue

The revenue generated per unit of output sold, calculated by dividing total revenue by the quantity of outputs sold.