Firms will hire additional workers as long as the wage:
A. is greater than the marginal product of labor.
B. is less than the value of the marginal product of labor.
C. equals the marginal product of labor.
D. is less than the marginal product of labor.
Answer: B
Economics
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Refer to Table 6-4. Which of the following statements is correct?
A) The publisher's analysis is correct only if the demand is elastic. B) The publisher's analysis is correct only if the demand is perfectly inelastic. C) The publisher's analysis is correct only if the demand is unit elastic. D) The publisher's analysis is correct only if the demand is perfectly elastic.
Economics
Refer to Figure 3-4. At a price of $25, how many units will be sold?
A) 400 B) 500 C) 600 D) 800
Economics