In the short run when the marginal product of labor ________, the marginal cost of an additional unit of output ________.
A. falls; falls
B. falls; doesn't change
C. rises; falls
D. rises; rises
Answer: C
You might also like to view...
A risk premium is
A. lower the more risky the future stream of profits. B. an additional compensation paid to the workers of a business enterprise. C. subtracted from the discount rate when calculating the present value of a future stream of profits. D. a measure calculated to reflect the riskiness of future profits.
If interest rates rise, what will happen to the nation's exchange rate?
What will be an ideal response?
Bonds with no default risk are called
A) flower bonds. B) no-risk bonds. C) default-free bonds. D) zero-risk bonds.
Under the British Navigation Acts, enumerated goods were a list of colonial _______
a. exports showing how dependent the British were on the colonies. b. imports showing how dependent the colonies were on Britain. c. exports that had to be shipped through British middlemen. d. exports that were reserved for the crown.