For a firm in a perfectly competitive labor market
A) W > MFC.
B) W < MFC.
C) W > MRP.
D) W = MFC.
D
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_________________ means that each unit of saved time is more valuable than the last unit
a. Acceleration effect b. Assimilation c. Separation d. Acculturation
The problem of inconsistent standards across nations can be managed by:
A. consumers making voluntary purchasing decisions. B. policymakers making blanket standards imposed on all imports. C. policymakers making explicit laws about imports for specific countries. D. All of these are true.
Type I error is:
a. the statistical notion of accepting a false hypothesis. b. when a harmful drug is allowed into the market. c. difficult to detect and virtually ignored by the FDA. d. when a beneficial drug is blocked from entering a market.
When the Fed prints and issues bills, it creates:
A. a financial liability for the holder of the IOU. B. a real asset. C. a financial asset for itself. D. money.