The change in a firm's total revenue that results from hiring an additional worker is measured by the
A. average revenue product.
B. marginal product.
C. marginal revenue.
D. marginal revenue product.
Answer: D
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Use the figure below to answer the following question:PriceQuantity Supplied$101089684726Over the $10 to $8 price range, the price elasticity of supply is
A. greater than 1. B. 1. C. less than 1. D. zero.
Refer to the scenario above. Infi Cor
A) $31 billion B) $21 billion C) $12 billion D) $9 billion
Suppose the nominal interest rate is 2% and the real interest rate is -3%. We can deduce that the rate of inflation is
A) 0%. B) 2%. C) 3%. D) 5%.
The law of demand for dollars in the foreign exchange market means that the
A) lower the exchange rate, the greater the quantity of dollars demanded. B) higher the exchange rate, the smaller the quantity of dollars demanded. C) lower the exchange rate, the smaller the quantity of U.S. exports demanded. D) Both answers A and B are correct.