Refer to the above table. Suppose the firm hires 4 workers and the price of the good sold is $4. The marginal factor cost of labor must be
A) $4.
B) $150.
C) $3080.
D) $600.
D
Economics
You might also like to view...
Refer to the table above. Country B has absolute advantage in
A) Good X. B) Good Y. C) Neither X nor Y. D) Both X and Y.
Economics
Describe and explain the relationship between expected inflation rates in two countries and their interest rate differential according to the PPP theory
What will be an ideal response?
Economics