The firm's demand for labor curve is its
A) average product of labor curve.
B) marginal product of labor curve.
C) marginal revenue product of labor curve.
D) average revenue product of labor curve.
C
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Which of the following is an interest rate determined by the supply and demand for loans among commercial banks?
A) The discount rate B) The federal funds rate C) The prime rate D) The commercial paper rate
The era of bank panics in the United States was effectively ended by
A) establishing the Fed as lender of last resort. B) implementing the gold standard. C) abandoning the gold standard. D) introducing deposit insurance.
The definition of monopolistic competition differs from that of perfect competition with respect to _______________.
Fill in the blank(s) with the appropriate word(s).
When analyzing stages of economic development in the United States, it appears that we have entered the "tertiary stage." This is a stage marked by a shift toward
A. services. B. population increases. C. agriculture. D. manufacturing.