The change in output caused by a one-unit change in labor is referred to as the
A. compounded physical product of labor.
B. total product of labor.
C. average product of labor.
D. marginal product of labor.
Answer: D
You might also like to view...
If DI falls by $100 billion, and C falls by $90 billion, the slope of the consumption is
a. ?0.45. b. 0.45. c. ?0.90. d. 0.90. e. 0.50.
Which of the following statements is true of wages, educational attainment, and gender?
a. Male workers are compensated for attending college, while female workers generally are not. b. Female workers are compensated for attending college, while male workers generally are not. c. Both genders receive a higher wage for attending college. d. Neither gender receives a higher wage for attending college.
The Federal Reserve holds deposits from
A. Large corporations. B. Banks. C. The U.S. Treasury. D. Consumers.
Refer to the given data. Assuming that Alpha and Beta are the only two nations in the world, the equilibrium world price of steel must be between:
Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Q s is domestic quantity supplied and Q d is domestic quantity demanded.
A. $5 and $4.
B. $4 and $3.
C. $3 and $2.
D. $2 and $1.