At any quantity, the marginal factor cost is always
A) parallel to the marginal revenue product.
B) below the labor supply curve.
C) above the labor supply curve.
D) above the labor demand curve.
Answer: C
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Describe the government's flows in the circular flow model of the economy
What will be an ideal response?
In an economy with persistent inflation,
a. real GDP will grow faster than nominal GDP. b. nominal GDP will grow faster than real GDP. c. nominal and real GDP will grow at the same rate. d. nominal and real GDP will both fall.
Based on the fact that the companies Ford, IBM, PepsiCo, and McDonald's own and operate producing units in many different countries, they are categorized as:
a. joint ventures. b. sole proprietorship firms. c. partnership firms. d. multinational firms. e. co-operative firms.
An initial public offering occurs when a stock is first sold to the general public.
Answer the following statement true (T) or false (F)