The firm will rent more and more land until the rent and the ____ of the last unit of land hired are equal.
A. marginal physical product
B. MRP
C. output
B. MRP
Economics
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In the United States, of the following decades economic growth was most rapid during the ________
A) 1960s B) 1990s C) 1970s D) 2000s
Economics
The total consumer surplus enjoyed by all consumers in a market
a. exceeds the market price b. is measured by the area under the market demand curve c. is measured by the area beneath the market price d. is a Pareto improvement e. is called market consumer surplus
Economics