If the marginal product of labor rises, the marginal cost of output
a. rises
b. falls
c. remains constant
d. rises and then falls
e. dampens
B
You might also like to view...
A good example of using the discount rate to serve the lender of last resort role for the financial system occurred during the
A) savings and loan crisis of the 1980s. B) stock market crash of 1987. C) sharp rise in government deficits during the 1980s. D) developing-country debt crisis of the 1980s.
How is economic value created during transactions between buyers and sellers?
One advantage of emissions permits is that they allow the government to choose the level of pollution reduction
a. True b. False Indicate whether the statement is true or false
The Tax Cut of 2001
A. permanently eliminated the inheritance tax. B. lowered the minimum marginal tax rate from 15 percent to 10 percent. C. will lower the top marginal tax rate to 23 percent by the end of the decade. D. expires in 2006.