An increase in labor productivity will shift
A) MRP curve to the left.
B) MFC curve to the right.
C) MRP curve to the right.
D) MFC curve to the left.
Answer: C
You might also like to view...
Property rights protect
A) only the rights to physical property. B) rights to physical property, financial property, and intellectual property. C) the government's right to impose taxes. D) only the rights to financial property. E) all rights except rights to intellectual property.
Discuss the trends and implications of the following graph, especially with respect to the official start of the EMU on January 1, 1999
What will be an ideal response?
When the Fed raises the target for federal funds, it
A) sells government bonds. B) increases the discount rate. C) buys government bonds. D) increases the required reserve ratio.
If the price a firm charges in a perfectly competitive industry is greater than average total cost:
A. the firm is earning an economic profit equal to zero. B. the firm is earning an economic profit greater than zero. C. the firm is earning an economic profit less than zero. D. it is not possible to determine anything about profits.