The per-worker production function shows the relationship between ________ per hour worked and ________ per hour worked, holding ________ constant
A) capital; labor; real GDP B) capital; real GDP; technology
C) labor; capital; real GDP D) labor; real GDP; technology
B
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The supply curve for CDs shows the
A) minimum price that consumers are willing to pay if a given quantity of CDs is available. B) maximum price that consumers are willing to pay if a given quantity of CDs is available. C) maximum price that producers must be offered to get them to produce a given quantity of CDs. D) minimum price that producers must be offered to get them to produce a given quantity of CDs.
The above figure shows the demand and cost curves facing a monopolist. The monopoly maximizes profit by setting price equal to
A) $100. B) $200. C) $300. D) $400.
Why does a bank sometimes hold excess reserves?
What will be an ideal response?
The opportunity to increase profitability is the primary reason that firms decide to export.
a. true b. false