Refer to the table above. Which of the following statements is true about the marginal product of labor?
A) The marginal product initially decreases with the first few workers and then increases.
B) The marginal product initially increases with the first few workers and then decreases.
C) The marginal product decreases as more workers are hired.
D) The marginal product increases as more workers are hired.
B
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A decrease in "financial frictions" is associated with ________
A) a decrease in the credit spread B) more efficient functioning of financial markets C) reduced real cost of borrowing for businesses D) an increase in planned investment spending E) all of the above
If you want to vote for the management of the corporation, you should buy
A) common stock. B) preferred stock. C) bonds. D) either common stock or preferred stock.
Managed floats are only effective in the long run
a. True b. False
Which component of aggregate demand is involved in the interest rate effect caused by a price level change?
a. government purchases b. investment spending c. consumer spending d. net exports