When firms are able to increase the amount of physical capital available to workers, the
a. marginal product of labor will decrease.
b. value of the marginal product of labor will decrease.
c. value of the marginal product of labor will increase.
d. final product price will increase.
c
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In the figure above, if a pollution tax is imposed that is equal to the marginal external cost of pollution, then when the market is in equilibrium, the deadweight loss is ________ thousand per month
A) $250 B) $125 C) $150 D) $50 E) zero
The quantity theory of money assumes that money supply and price level are the only variables in the equation of exchange that are free to fluctuate
a. True b. False Indicate whether the statement is true or false
When a price ceiling which had been set below equilibrium price is removed, what happens next?
A. quantity supplied rises B. quantity demanded rises C. supply rises D. demand rises
Banks will never hold any additional reserves beyond what is required.
Answer the following statement true (T) or false (F)