MPL multiplied by PX is the ________, where L denotes labor and X denotes output.
A. marginal cost of a unit of output
B. marginal revenue of a unit of output
C. cost of a marginal unit of labor
D. value of labor's marginal product
Answer: D
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Why isn't the current yield a good indicator of holding a bond?
A) It doesn't account for the yield to maturity. B) It doesn't account for capital gains or losses. C) It doesn't account for the coupon. D) It assumes that the current price equals its par value.
Unemployment benefits tend to be higher in Europe and are offered for longer periods than in the United States
a. True b. False
For the past several decades, the percentage of national income in the United States allocated to physical capital (rents, interest, profit) has been approximately
a. 20 percent. b. 40 percent. c. 60 percent. d. 80 percent.
Which type of strategies do professional managers help organizations in chalking out?
(A) Corporate (B) Multi-disciplinary (C) Both (A) and (B) (D) None of the above