Marginally attached workers are discouraged workers who have stopped their job search for reasons other than the lack of jobs

Indicate whether the statement is true or false


TRUE

Economics

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As a competitive firm hires increasing amounts of labor, the value of marginal product of labor

A) decreases. B) increases. C) remains constant. D) decreases then increases.

Economics

Explain how and why an all-volunteer army may actually be cheaper than an army staffed with drafted soldiers

What will be an ideal response?

Economics

When price equals marginal cost

A) firms make zero profits. B) firms make positive profits. C) the industry is in long-run equilibrium. D) the marginal benefits of consuming an extra unit of the good exactly equals the marginal cost to society of producing the good.

Economics

Why is there emphasis on non price competition in oligopoly?

What will be an ideal response?

Economics