The index that is not based on a fixed market basket of goods and services is the
A) CPI.
B) PPI.
C) Wholesale Price Index.
D) GDP Price Deflator.
D
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Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor?
A) at 10 gallons B) at 40 gallons C) at 70 gallons D) all of the above
Explain how the marginal revenue product of labor is affected by the competitiveness of the market for goods that labor produces
A competitive firm's short-run supply curve is part of which of the following curves?
a. marginal revenue b. average variable cost c. average total cost d. marginal cost
The return to investment in human capital is observed
a. only when workers are assigned identical tasks. b. in the wage differential between workers. c. in the high school dropout rate in inner-city urban school districts. d. in the low wages of educated factory workers.