An increase in the MRP for each unit of labor
A. means that the marginal physical product of labor rose.
B. means that more labor is demanded by the firm.
C. means that the demand for the final product has fallen.
D. means that labor's productivity has risen.
B. means that more labor is demanded by the firm.
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Refer to the table below. Julia's opportunity cost of making a pie is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 cakes B. 6/5 of a cake C. 5/6 of a cake D. 6 cakes
What does it mean for a good to be non-rival in consumption?
What will be an ideal response?
Define the quantity demanded of a good or service
What will be an ideal response?
The process where financial intermediaries create and sell low-risk assets and use the proceeds to purchase riskier assets is known as
A) risk sharing. B) risk aversion. C) risk neutrality. D) risk selling.