The marginal revenue product of labor curve will always shift to the right if
A. the price of capital rises.
B. product demand increases and product price increases.
C. the wage rate rises.
D. product demand decreases and product price decreases.
Answer: B
You might also like to view...
Which of the following is a benefit of affirmative action programs?
A) They ensure that qualified minorities are not being passed over in favor of less-qualified applicants. B) They ensure a fundamental sense of fairness in hiring and promotion. C) They can provide a means and an incentive for members of historically underperforming groups to intentionally change their characteristics, such as investing in education and acquiring experience. D) All of the above are benefits of affirmative action programs.
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false
Expectations are destabilizing if they are based on the belief that exchange rates eventually return to the values consistent with basic economic conditions.
Answer the following statement true (T) or false (F)
Consider a world of two countries facing opportunity costs and producing only wheat and cloth. In one hour, residents of Country A can produce a maximum of either 1 unit of wheat or 0.5 unit of cloth, whereas residents of Country B can produce a maximum of either 0.3 unit of wheat or 0.4 unit of cloth. Country B should export
A. wheat and cloth; country A should not export anything. B. cloth and country A should export wheat. C. wheat and country A should export cloth. D. nothing and country A should export both wheat and cloth.