The marginal revenue product schedule for land refers to
A. a firm's demand for land.
B. the final demand for land.
C. the firm's supply of land.
D. the marginal physical product schedule for land.
A. a firm's demand for land.
You might also like to view...
The first fundamental theorem of welfare economics states that
A) under certain conditions, a competitive equilibrium is Pareto optimal. B) a competitive equilibrium is always Pareto optimal. C) under certain conditions, a Pareto optimum is a competitive equilibrium. D) a Pareto optimum is always a competitive equilibrium.
An appeal to consumers to purchase union-made products represents an attempt to
a. increase the supply of union labor b. increase the demand for union labor c. decrease the supply of union labor d. decrease the quantity demanded of union labor e. decrease the demand for union labor
If the government is supplying a public good, the efficient quantity is where the:
A. total social benefit outweighs the total cost. B. total social benefit equals the cost. C. marginal social benefit is greater than the cost. D. marginal social benefit equals the cost.
A change in the money supply can affect one or more of the components of spending and therefore shift the short-run aggregate supply (SRAS) curve
Indicate whether the statement is true or false