The formula for labor productivity is given by
a. employment / output.
b. output / population.
c. output / employment.
d. population / output.
e. output / number of firms.
C
Economics
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When a person smokes a cigarette in his car and throws the butt out of the window, this is a(n)
A) marginal cost. B) external cost. C) marginal personal benefit. D) internal benefit.
Economics
Which of the following explains how to use the Herfindahl-Hirschman Index?
a. Summing the squares of the market share of each firm in the industry b. Calculating each firm’s share of the total sales in the industry c. Multiplying the squares of the market share of each firm in the industry d. Dividing each firm’s share of total industry sales by the firm’s sales
Economics