Which of the following will not cause the marginal revenue product of labor curve for a firm to shift?
A) an increase in the productivity of workers
B) an increase in demand for the product
C) a decrease in the price of the product
D) an increase in the wage rate
Answer: D
Economics
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Which of the following statements is true?
A) Arithmetic or geometric growth rates gives similar answers for long periods. B) Using either arithmetic or geometric average to compute average growth rates gives similar answers for short periods. C) Geometric average of growth rate ignores the exponential nature of growth. D) Arithmetic calculation of growth rate considers the exponential nature of growth.
Economics
The United States first instituted an income tax in
a. 1851 b. 1861 c. 1871 d. 1881
Economics