If MRP > MLC, it means that a firm should
A) use less labor.
B) use more labor.
C) increase its fixed capacity.
D) decrease its fixed capacity.
B
Economics
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A specific investment is
A) one that can only be used in a transaction with a single firm. B) an investment that cannot be physically moved, such as an oil refinery. C) reduces the possibility of a holdup occurring. D) is more expensive than a general investment.
Economics
According to the text application, renewable energy certificates (RECs)
a. can be issued only by major electric utilities b. are sold only as a bundle with one megawatt-hour of green power c. convey rights to the benefits linked to renewable energyto the REC final owner d. all of the above
Economics