If the wage rate paid to one form of labor is twice the cost of another form of labor, the first type of labor must be twice as productive
Indicate whether the statement is true or false
True . Firms minimize cost by setting the ratio of marginal productivity per unit cost equally across all inputs. If one form of labor is twice as expensive as another, the firm will want the MP of the first type of labor to be twice that of the second.
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State whether the following statement is true or false AND explain why: "An increase in the interest rate paid on excess reserves will always cause an increase in the federal reserve funds rate."
Indicate whether the statement is true or false
The figure below shows the market for computers in a small importing country. Dd and Sd are the domestic demand and supply curves of computers, respectively.
The production effect of the tariff on computers is worth
A. $48 million. B. $44 million. C. $4 million. D. $8 million.
Much of the responsibility for implementing and enforcing equal employment opportunity has been taken over by individuals and the courts
Indicate whether the statement is true or false
Banks are required to hold reserves against the total value of all their assets
a. True b. False Indicate whether the statement is true or false