The marginal revenue product of labor curve will always shift to the right if
A. the price of capital rises.
B. product demand decreases and product price decreases.
C. product demand increases and product price increases.
D. the wage rate rises.
Answer: C
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Which of the following statements is correct?
a. Buyers always want to pay less and sellers always want to be paid more. b. Buyers always want to pay less and sellers always want to be paid less. c. Buyers always want to pay more and sellers always want to be paid more. d. Buyers always want to pay more and sellers always want to be paid less.
Which of the following bonds has the highest interest rate?
a. a high credit risk and a short term. b. a low credit risk and a short term. c. a long term and a high credit risk. d. a long term and a low credit risk.
Suppose that the government goes into deficit in order to help local school districts build better schools. Does this burden future generations?
Price discrimination only occurs when consumers have only partial information about a product's price and availability.
Answer the following statement true (T) or false (F)