Which of the following represents the general rule of hiring for a firm?
A) Total physical product equals marginal factor cost.
B) Average revenue product equals the wage rate.
C) Marginal cost equals marginal revenue.
D) Marginal revenue product equals marginal factor cost.
D
Economics
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Economists define the unemployed as individuals who are
A) working less than their desired amount of time. B) not currently working but are actively looking for work. C) not currently working. D) working but looking for a different job.
Economics
Intermediate goods and services are excluded in the calculation of GDP
Indicate whether the statement is true or false
Economics