The marginal revenue product
A) represents the incremental contribution to the firm's total revenues obtained from an increase in a variable input.
B) always increases when there is an increase in a variable input.
C) gives the increase in cost when there is an increase in a variable input.
D) gives the change in total product when an additional unit of a good is hired.
A
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When a country establishes one rate as the exchange rate, but allows their currency to fluctuate within a certain percentage of that value, it is said to have
A) parity bands. B) dollarized. C) a currency basket. D) a pegged currency.
The socialization rationale for public education implies that private schools _____
a. are more segregated along class and perhaps racial lines b. are more homogenous c. are often organized around an exclusionary orientation d. all of the above