The monopolist's input demand curve is the
A) marginal revenue curve.
B) marginal revenue product curve.
C) marginal physical product curve.
D) marginal factor cost.
B
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When the coupon rate on newly issued bonds increases relative to older, outstanding bonds, what happens?
A) The market price of the older bond falls in the secondary market. B) The market price of the older bond rises in the secondary market. C) Older bonds will sell for more than their face value. D) Older bonds can still be sold at their face value.
In Figure 1 below if the economy were at Y3 then we would expect there to be:
A. an increase in production since PAE < actual output.
B. an increase in production since PAE > actual output.
C. no change in production since PAE = actual output.
D. a decrease in production since PAE < actual output.
The number of employed persons plus the number of unemployed persons equals the number of persons
A) in the total population. B) in the civilian noninstitutional population. C) in the civilian labor force. D) not in the labor force. E) none of the above
Using Figure 3 above the distance between what 2 lines illustrate an inflationary output gap?
A. Y2 to Y3 B. Y1 to Y2 C. PAE1 to PAE2 D. PAE2 to PAE3