The length of time an unemployed person searches for a job is likely to increase as
A) the working age population gets older.
B) new technologies make workers more productive.
C) unemployment benefits become more generous.
D) the birth rate declines.
E) job rationing decreases.
C
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Marginal cost is equal to the
A) change in total cost divided by the change in output. B) change in average total costs divided by the change in output. C) change in average product divided by the change in output. D) change in total product divided by the change in output.
Marginal revenue product is the
A. additional revenue from one additional dollar increase in price. B. change in the revenue product resulting from one additional unit of input. C. additional revenue from one additional unit of input. D. change in revenue resulting in one additional dollar in price.
The MPC is
A. .1.
B. .2.
C. .3.
D. .4.
A corporation has legal status like an individual citizen
a. True b. False Indicate whether the statement is true or false