The marginal revenue product curve is the
a. same as the supply of labor curve
b. price of the good in a competitive market
c. marginal physical product curve multiplied by the price of the good
d. change in the firm's output generated by the employment of an additional worker
e. change in total cost that results from employing an additional worker
C
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Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, if the market quantity supplied is 3, the price must be
A) $0. B) $2. C) $4. D) $5.
Mrs. Lovejoy decides to invest in companies which she believes are producing its goods based on the preferences of consumers. Mrs. Lovejoy is investing in companies that are
A) always going to be profitable. B) allocatively efficient. C) productively efficient. D) both productively and allocatively efficient.
After the terrorist attacks on September 11, 2001, the United States began devoting substantial resources toward the War on Terrorism, homeland security, and relief efforts. Use the production possibilities curve to demonstrate how this might affect the production of other goods in the United States
Which of the following is NOT a contributor to an employee's attitude?
a. previous jobs b. education c. peers d. family