When information about potential jobs is costly to acquire and individuals must spend time searching for jobs, which type of unemployment will result?
a. frictional
b. seasonal
c. structural
d. cyclical
A
Economics
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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.
Economics
A firm will continue to produce if total revenue is greater than total variable cost even if total revenue is less than fixed cost
a. True b. False
Economics