Labor productivity is derived by dividing GDP by
a. itself
b. the capital-output ratio
c. national income
d. capital stock
e. the quantity of labor
E
Economics
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Price discrimination occurs when a firm sells
A) a given product at different prices at different points in time. B) a given product at different prices to different ethnic groups. C) a given product at different prices unrelated to differences in cost. D) a given product at different prices when it is produced in different colors.
Economics
A competitive employer will hire inputs up to the point where the:
A. Marginal product of the input reaches a maximum B. Price of the input equals the price of the output C. Price of the input equals the marginal product of the input D. Price of the input equals the marginal revenue product of the input
Economics