The quantity of labor demanded by the firm is such that the
A) wage rate equals the marginal cost.
B) wage rate equals the value of marginal product of labor.
C) wage rate equals the marginal product of labor.
D) marginal revenue equals the marginal product.
B
Economics
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Which of the following is not one of the key services provided by the financial system?
A) risk sharing B) liquidity C) decreasing taxes D) generating information
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A profit-maximizing entrepreneur will produce and sell an additional unit of output as long as
a. it lowers the firm's unit costs. b. it lowers the firm's marginal cost. c. it adds more to revenue than it adds to cost. d. there is additional plant capacity to produce.
Economics