If a profit-maximizing firm is a price taker in the input market but not in the output market, its marginal value product of labor
a. exceeds the marginal revenue product of labor.
b. equals its marginal revenue product of labor.
c. is less than the marginal revenue product of labor.
d. equals the marginal physical product of labor.
a
Economics
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Tobin's model of the speculative demand for money shows that people can reduce their ________ by ________ their asset holdings
A) wealth; diversifying B) risk; specializing C) return; diversifying D) risk; diversifying
Economics
A decrease in net taxes: a. increases GDP as much as an equal decrease in government purchases. b. increases GDP less than an equal increase in government purchases. c. decreases GDP more than an equal decrease in government purchases. d. changes GDP in an unpredictable manner
e. has no effect on GDP.
Economics