An increase in the number of workers hired by a firm could result from
A) a decrease in the marginal product of labor.
B) a decrease in the marginal revenue product of labor.
C) an increase in the real wage.
D) a decrease in the real wage.
D
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Price ceilings during times of war cause consumers' surplus to fall relative to its magnitude without market intervention
Indicate whether the statement is true or false
What does purchasing-power parity imply about the real exchange rate? Explain what this means
Managed equity funds
A) that have yielded attractive returns during the recent past can generally be counted on to yield similar returns in the future. B) are tied directly to either the Consumer Price Index or Producer Price Index. C) generally outperform indexed equity mutual funds. D) that yielded a high rate of return in the recent past often perform poorly in the future.
The monopolist's demand curve is:
A. identical to the market demand curve. B. identical to the marginal revenue curve. C. below the marginal revenue curve. D. a horizontal line at the market price.