Marginal revenue product is
A) marginal physical product times marginal factor cost.
B) marginal physical product times marginal revenue.
C) average physical product times marginal revenue.
D) marginal physical product times the wage rate.
B
You might also like to view...
If a country's nominal interest rate is zero, then
A) the country's economy is in a liquidity trap. B) exchange rates with other countries are likely to decline. C) exchange rates with other countries are likely to increase. D) monetary policy is likely to be very effective in stimulating the economy. E) the country's economy has achieved monetary equilibrium.
A monopolist faces the trade-off that a higher price leads to a lower quantity demanded. This means that the monopolist faces a(an):
a. downward-sloping demand curve. b. upward- sloping demand curve c. horizontal demand curve. d. vertical demand curve.
First-differenced estimation in a panel data analysis is subject to serious biases if _____.
A. key explanatory variables vary significantly over time B. the explanatory variables do not change by the same unit in each time period C. one or more of the explanatory variables are measured incorrectly D. the regression model exhibits homoscedasticity
If the growth rate of the money supply were 4% and the growth rate of the velocity of money were 2%, then which of the following could be a point on the aggregate demand curve?
A. Inflation of 3% and real growth of 3% B. Inflation of 6% and real growth of 6% C. Inflation of 4% and real growth of 4% D. Inflation of 2% and real growth of 2%