Marginal revenue product is obtained by multiplying the price of the product by the marginal resource cost
a. True
b. False
B
You might also like to view...
Holey Doughnuts and Clair's Eclairs want to merge. Each has 2 percent of the local pastry market. It is most likely that
a. the Department of Justice would challenge the merger but the Federal Trade Commission would not b. the Federal Trade Commission would challenge the merger but the Department of Justice would not c. the merger will go unchallenged because it will not tend to reduce competition d. the government will successfully challenge the merger because it is a horizontal merger e. the government will successfully challenge the merger because it is a vertical merger
Union membership, in terms of percentage of the U.S. civilian labor force
A) has increased steadily since the passage of the Wagner Act. B) peaked about 1960 and has since declined. C) was over 50 percent in 1987. D) has increased dramatically since 1970.
An increase in the expected real interest rate will
A. have the same effect on the desired capital stock as a decrease in corporate taxes. B. have no effect on the desired capital stock. C. increase the desired capital stock. D. decrease the desired capital stock.
Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. If workers are paid $150 per day, then the firm is profit maximizing when it hires ________ workers.
A. two B. three C. four D. five