Labor productivity is ________ divided by the ________
a. units of labor employed; total output
b. total output; units of labor employed
c. the wage rate; the price of the good or service produced
d. units of labor employed; the wage rate
b
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In the monopoly, the firm's marginal revenue curve is ________, while in a perfectly competitive market, each firm's marginal revenue curve is ________
A) downward sloping; horizontal B) horizontal; downward sloping C) upward sloping; horizontal D) downward sloping; upward sloping
Obstacles that make it difficult or impossible for would-be producers to enter a market are known as:
A.) Barriers to entry. B.) Monopoly profits. C.) Entry blockades. D.) Entry tariffs.
Suppose that Jack promises that if Jill chooses the high price, he will too. Jill has no incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)
Direct foreign investment items have more liquidity than foreign portfolio investment items
Indicate whether the statement is true or false