A firm's demand curve for labor coincides with the marginal factor cost of labor curve
a. True
b. False
Indicate whether the statement is true or false
False
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Many of the Fed's actions were aimed squarely at stopping the downward spiral of falling assets prices
a. True b. False
Some critics have argued that moving children to private schools might reduce the _________ of education.
A. pure public goods aspect B. positive externalities C. size of library holdings D. size of teachers unions influence
According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this weekend if:
A. the extra benefits of seeing the movie are greater than the extra costs of seeing the movie. B. you really like Star Wars. C. the average benefit you get from going to the movies is greater than the average cost of a ticket. D. you can afford to go to the movies.
Suppose at the current level of labor used, MRP = $100 and MFC = $50. To maximize profits, the firm should
A) hire more labor. B) reduce the level of labor. C) maintain the current level of labor. D) shut down.