A monopolist will hire an additional unit of labor as long as
A) the additional cost of the worker is outweighed by the additional revenues made from selling the output of theses workers.
B) the marginal revenue curve is above the demand curve.
C) the marginal revenue product is larger than the marginal factor cost.
D) the marginal revenue product is less than the marginal factor cost.
Answer: A
Economics
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A) $30. B) $60. C) $45,000. D) $90,000. E) $180,000.
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Inflation affects:
A. both the level and the distribution of income. B. neither the level nor the distribution of income. C. the distribution, but not the level, of income. D. the level, but not the distribution, of income.
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