The contribution to total revenues coming from the next worker hired is
A) marginal product.
B) marginal revenue product.
C) total product.
D) total revenues.
Answer: B
Economics
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If the MPS is 0.22, the MPC is
A. -0.22. B. 0.66. C. 0.78. D. 1.22.
Economics
The major theme that we emphasized with regard to the measurement of income differences/inequality as well as contributors and remedies for these differences is that
A) the U.S. has contributed little to income assistance B) it's a complex topic with many underlying questions and issues C) private solutions to low income are relatively simple and effective, unlike public solutions D) there are no chronically low income households in the U.S.
Economics