The marginal revenue product curve shifts when
A) wages fall.
B) there is a change in the product price workers are producing.
C) wages rise.
D) the wages paid exceed the price.
B
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The figure above shows the U.S. demand and U.S. supply curves for cherries. In the absence of international trade, cherry farmers would receive ________ per pound of cherries
A) $2.50 B) $1.50 C) $2.00 D) $1.00 E) $0.50
According to estimates of the Taylor rule, monetary policy was too tight
A) from 1960 to 1965. B) from 1965 to 1979. C) in the 1980s. D) in the 1990s.
Which program provides assistance to the aged, blind and disabled?
A) Social Security Program B) Supplemental Security Income program C) TANF D) Earned Income Tax Credit
Developing countries have been able to reduce the effect of depreciation on the value of their debt by:
A) issuing debt in U.S. dollars. B) issuing debt in domestic currency. C) appreciating their currency. D) using expansionary fiscal policy.