The marginal product of labor indicates ________. Therefore the MPL curve is also ________
A) the quantity of labor supplied for a given wage; the equilibrium price of labor
B) the quantity of labor demanded for a given wage; the equilibrium price of labor
C) the quantity of labor demanded for a given wage; the demand curve of labor
D) the quantity of labor supplied for a given wage; the supply curve of labor
E) none of the above
C
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Which of the following will be included in the calculation of GDP using the expenditure method?
A) A bank's payment of interest to its customers B) A worker's wage C) A firm's payment of employee bonuses D) A domestic producer's export of clothes
George is offered an investment option by his friend. He asks George for $6,900 and offers to repay him $12,990 after a period of ten years
George considers investing his money in his friend's project; however, the bank in his community offers an annual rate of interest of 9% on every deposit. Which do you think is the better investment option for George?