Jenny should work until her MRP equals her wage.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Refer to the scenario above. What is the expected value of the game?
A) $20 B) $50 C) $100 D) $300
The process of adjustment to a new long-run equilibrium in a perfectly competitive industry is not complete if
A. other firms want to enter the industry. B. all firms are at the minimum average cost. C. all firms receive zero economic profit. D. no firms want to exit the industry.
Why does a change in GDP affect unit costs and the price level?
a. as GDP increases, productivity increases. b. as GDP increases the price of non-labor inputs increases and the nominal wage tends to increase. c. as GDP decreases, there are efficient gains d. as GDP increases, economies of scale allow for lower unit costs. e. as GDP increases the price of non-labor inputs decreases and the nominal wage tends to increase.
As per capita GDP has risen in the United States and other countries,
a. life expectancy and leisure time have also risen and infant mortality and illiteracy have gone down.. b. life expectancy has risen but leisure time has gone down, while infant mortality and illiteracy have remained the same. c. various quality of life variables have been unaffected. d. most quality of life variables such as life expectancy and expenditures on leisure time activities have fallen.