Intel wants to attract the most productive and knowledgeable workers. To achieve this goal it could pay ________ wage
A) a Lucas wedge
B) a minimum
C) an efficiency
D) an equilibrium
E) a nominal
C
Economics
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Deciding if a company will produce automobiles by robotics or manual labor answers the economic question of
A) how will the products be produced. B) who consumes the products produced. C) where will the products be consumed. D) what products will be produced.
Economics
In the table above, the value of marginal product of the third unit of labor is
A) $3. B) $4. C) $12. D) $16.
Economics
What is the shape of a perfectly elastic demand curve? Explain its significance for a seller.
What will be an ideal response?
Economics
A product whose production requires a relatively high capital-labor ratio is
a. capital abundant b. capital intensive c. heavy industry d. high tech e. all of the above
Economics