Which of the following does not contribute to labor productivity growth?
a. A steepening of the per-worker production function
b. An increase in the amount of capital per unit of labor
c. A growth in the labor force
d. An improvement in the quality of capital
e. A decrease in the labor–capital ratio
c
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Figure 4.4 illustrates the supply of tacos. An increase in the supply of tacos is represented by a movement from
A) point a to point b. B) point c to point b. C) S0 to S1. D) S2 to S1.
Globalization aids geographic divisionalization in an organization
Indicate whether the statement is true or false
A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is
a. -$6.98. b. -$0.02. c. $2.45. d. $6.98.
A wealthy executive is holding money, waiting for a good time to invest in the stock market. This action would be an example of the:
A. Transactions demand for money B. Asset demand for money C. Creation of fiat money D. Use of money as a medium of exchange