How much labor does a firm require to produce q = 1000 when capital is fixed at 5 and they have a production function equal to q = 200L0.5K0.5?

According to the rational expectations hypothesis, an individual's assessment of future economic performance

A) considers both past performance and current monetary and fiscal policy. B) only considers past performance. C) does not consider the impact of inflation. D) does not consider past performance.

Jose owns a local coffee shop. When Jose calculates how his total revenue changes in response to hiring an extra worker, Jose is calculating the

A) marginal revenue. B) value of marginal product of labor. C) marginal product of labor. D) total revenue.