A firm should continue to hire a resource as long as the resource's marginal revenue product exceed the resource's marginal resource cost
a. True
b. False
A
You might also like to view...
How are the labor force and the unemployment rate calculated?
What will be an ideal response?
Forward contracts are often illiquid because
A) any capital gains on them are heavily taxed, making investors reluctant to sell them. B) government regulation has not provided for a secondary market in them. C) they generally contain terms specific to the particular buyer and seller. D) the brokerage fees involved in buying and selling them are very high.
Government printing of money to finance government spending is called
A) irresponsible. B) an open-market purchase. C) sterilization. D) seigniorage.
The antitrust legislation that was designed to help small stores survive competition with large retail chains was the:
a. FTC Act. b. Sherman Antitrust Act. c. Celler-Kefauver Act. d. Robinson-Patman Act. e. Clayton Act.