Which of the following is the formula for the marginal product of labor?
A. F(L) - F(L - ?L)
B. F(L)/L
C. F(L)/?L
D. [F(L) - F(L - ?L)]/?L
D. [F(L) - F(L - ?L)]/?L
Economics
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The nominal interest rate is 6 percent and the inflation rate is 3 percent. What is the real interest rate?
a. 9 percent b. 2 percent c. 18 percent d. 3 percent
Economics
Producing goods can add to net wealth, but rendering services cannot. Explain.
What will be an ideal response?
Economics