The marginal product of labor is calculated using the formula
A) L/Q.
B) ?L/?Q.
C) ?Q/?L.
D) Q/L.
Answer: C
Economics
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Which of the following must be true of a commodity for it to be used as money?
a) Its value must be easy to determine. b) It must not be divisible. c) It must not be durable. d) It must not be readily accepted by many people.
Economics
Holding the nonprice determinants of demand constant, a change in price would
a. result in either a decrease in demand or an increase in demand. b. result in a movement along a stationary demand curve. c. result in a shift of supply. d. have no effect on the quantity demanded.
Economics