The benefit to the firm from hiring one additional worker is called the
A) marginal revenue product of labor. B) total revenue.
C) marginal profit. D) marginal revenue.
A
Economics
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At a recent company meeting, Ravi Batra, sales manager of Life's a Beach, a surfboard producer announced, "We have increased our sales by 13 percent in just 9 months." Suppose 9 months ago, its sales amounted to $245,000, what is the value of its sales
today? A) $31,850 B) $207,638 C) $276,850 D) $359,905
Economics
In the graph showing a reduction in the growth of the money supply, the natural rate of unemployment of the economy shown is ______.
a. 3 percent
b. 5 percent
c. 6 percent
d. 7 percent
Economics