Refer to the above table. What does the marginal revenue product equal when 26 workers are hired a week?
A) $8.50
B) $26
C) $221
D) $1190
D
You might also like to view...
The yield to maturity is ________ than the ________ rate when the bond price is ________ its face value
A) greater; coupon; above B) greater; coupon; below C) greater; perpetuity; above D) less; perpetuity; below
If the functional form of the conditional variance function is incorrect, then
A) the standard errors computed by WLS regression routines are invalid B) the OLS estimator is biased C) instrumental variable techniques have to be used D) the regression R2 can no longer be computed
When a country pursues its comparative advantage:
A. World output is minimized. B. Potential gains from trade are minimized. C. Potential gains from trade are maximized. D. Imports and exports are equal.
Many government programs, such as unemployment compensation, operate on a deficit during recessions and a surplus during periods of economic expansion. The programs are referred to as
A. automatic stabilizers. B. discretionary fiscal policy. C. Ricardian equivalence. D. Recognition time lag.