Marginal revenue is the additional revenue a business gets from producing or selling one more unit of input.
Answer the following statement true (T) or false (F)
True
Marginal revenue is the additional revenue a business gets from producing or selling one more unit of output.
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The use of pollution permits by the government to reduce pollution is:
A. common in several parts of the United States. B. theoretically interesting, but untried in the United States. C. common in the third world. D. workable in theory but unworkable in practice.
Which of the following best describes the impact of technological change on labor? a. Technology causes unemployment in the short run and lower incomes in the long run
b. Technology causes unemployment in the short run and higher incomes in the long run. c. Technology causes unemployment in the long run and higher incomes in the short run. d. Technology causes unemployment in the long run and lower incomes in the short run. e. Technology causes unemployment and lower incomes in both the long run and the short run.
A competitive, profit-maximizing firm hires workers up to the point where the
a. marginal product equals zero. b. marginal revenue product equals zero. c. marginal product equals the wage. d. value of the marginal product equals the wage.
Temporary Assistance to Needy Families:
A. is more redistributive in nature than social insurance. B. is a conditional cash transfer program. C. is provided long term to help people in chronic poverty. D. is an "unconditional" cash-transfer program