Refer to Table 17-2. The marginal revenue product of labor from the third unit of labor is
A) $5,460. B) $1,560. C) $1,260. D) $780.
C
Economics
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In mixed strategy Nash equilibria, players play each of two pure strategies with probability 0.5.
Answer the following statement true (T) or false (F)
Economics
If an increase in the price of one input causes an increase in demand for labor, the two inputs are
A) complementary. B) substitutes. C) interchangeable. D) flexible.
Economics
_____ income will be effected if the change in the price level differs from the change in a person's nominal income
Fill in the blank(s) with the appropriate word(s).
Economics
What type of economics would most typically deal with aggregates?
A. macroeconomics B. microeconomics C. financial economics D. normative economics
Economics