The change in total revenue divided by the change in quantity of labor employed is the
a. marginal physical product of labor
b. marginal revenue product of labor
c. price of the output
d. demand for the output
e. wage rate
B
Economics
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The consumption function shows the relationship
A) between households' disposable income and their consumption spending. B) between consumption spending and capital gains. C) between government spending and tax collection. D) between investment and rate of return.
Economics
When is a deadweight loss the greatest?
a. in a highly efficient market b. in a market with no tax c. far away from equilibrium d. at equilibrium
Economics