A firm in a competitive labor market will hire labor until the value of marginal product of labor equals the
A) firm's marginal revenue.
B) firm's marginal cost.
C) firm's average cost.
D) wage rate.
D
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Which curve shows the lowest average total cost at which it is possible to produce each output when the firm has time to change both its labor force and plant size?
What will be an ideal response?
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in the nation's domestic inflation rate b. an increase in inflation of the nation's trading partners c. a decrease in the nation's domestic inflation rate d. an increase in domestic real interest rates
Double taxation means that both
a. wage income and interest income are taxed, which is currently the case in the United States. b. wage income and interest income are taxed, which is not currently the case in the United States. c. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States. d. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.
The discount factor ________ the ________ value to convert it to the ________ value.
A) reduces; present; future B) increases; present; future C) reduces; future; present D) increases; future; prese