When we solve the firm's dual production problem (i.e., maximize output subject to a cost constraint) by the method of Lagrange multipliers, the optimal value of the Lagrange multiplier equals the:
A) marginal product per unit cost of each variable input.
B) marginal product of capital.
C) marginal product of labor.
D) marginal cost of production.
A
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In 2014, net exports in the United States were
A) zero. B) positive. C) negative. D) greater than personal consumption expenditures.
Explain how the aggregate demand and aggregate supply model can be made more dynamic
What will be an ideal response?
Suppose the absolute value of the price elasticity of demand for basketball game tickets on your campus is greater than 1. Increasing ticket prices will increase the total revenue from ticket sales
Indicate whether the statement is true or false
If a security held by a bank falls in market value, that loss
A) must be recorded by the bank, no matter what. B) will be recorded by the bank only if the security is of the type they hold to maturity. C) will be recorded by the bank only if the security is of the type they often sell before maturity. D) will be recorded by the bank only if it sells the security.