Assuming all else equal, if the marginal product of labor rises, ________
A) there is a rightward movement along the labor demand curve
B) the labor demand curve shifts to the right
C) there is a leftward movement along the labor demand curve.
D) the labor demand curve shifts to the left
B
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Suppose the required reserve ratio is 8% and the Fed purchases $100 million worth of Treasury bills from Wells Fargo. By how much is Wells Fargo able to increase its loans?
A) $8 million B) $92 million C) $100 million D) $1.25 billion
From the early 1860s to the early 1900s, the amount of land acquired by sales (including from railroads and states) was _____ land obtained free through homesteading
a. roughly half as much as b. about the same as c. twice as much as d. triple the amount of
The annual rental rate for a machine is
a. the yearly depreciation and maintenance costs for the machine. b. the yearly interest costs associated with owning the machine. c. the initial purchase price of the machine divided by the number of years the machine is expected to last. d. the sum of the yearly depreciation, maintenance, and interest costs associated with owning the machine.
What is the relevance of the marginal productivity principle in explaining the use of inputs in production?