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