The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of
A) the division of labor. B) the average cost of production.
C) the average product of labor. D) the marginal product of labor.
C
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The Stackelberg model of oligopoly assumes that each of the two producers will choose prices instead of quantities and neither will change price in response to the other's decision
Indicate whether the statement is true or false
Refer to the above diagram. At output level Q total fixed cost is:
A. 0CDQ. B. BCDE. C. 0BEQ-0AFQ. D. 0BEQ.
Which of the following is considered out of the labor force?
A) the unemployed B) those temporarily laid off who will soon be recalled C) those who worked full time, but in a family business D) those individuals who have started searching for employment for the first time E) none of the above
Which of these groups of nations are all members of the eurozone?
A. The United Kingdom, France, and Switzerland. B. France, Germany, and Italy. C. Denmark, Sweden, and Norway. D. Russia, Poland, and Hungary.