Marginal Revenue Product with three units of labor would be

Monetary policy is

A) the policy concerning changes in the money supply that is pursued to achieve particular macroeconomic goals. B) the expenditures and taxation policy that the government pursues to achieve particular macroeconomic goals. C) the investment policy that businesses pursue to achieve particular macroeconomic goals. D) the spending and saving policy that consumers pursue to achieve particular macroeconomic goals. E) the spending policy that the Treasury pursues to achieve particular macroeconomic goals.

When a firm experiences a positive technological change

A) the price of a share of the firm's stock rises. B) the firm is able to produce more output using the same inputs, or the same output using fewer inputs. C) the value of the firm's assets rises. D) the firm will hire additional workers in order to increase production.