Minority workers are underrepresented and have less access to certain high-paying occupations. This illustrates:

A situation in which some resources are NOT fully utilized is represented in a production possibilities frontier diagram by

A) any point on either the horizontal or the vertical axis. B) the midpoint of the production possibilities frontier. C) a point outside the production possibilities frontier. D) a point inside the production possibilities frontier.

The value of the marginal product of labor is given by the product of the marginal product of labor and the market wage rate

Indicate whether the statement is true or false