What is the marginal product of labor?
What will be an ideal response?
The marginal product of labor is the additional output produced by one additional unit of labor.
Economics
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Cartels are legal in the United States
a. True b. False Indicate whether the statement is true or false
Economics
A reduced interest rate stimulates investment by
a. improving the prospects for a large profit from new investment b. enabling firms to ignore the opportunity costs of financing new investment c. increasing the opportunity cost of the investment d. reducing the cost of the investment e. signaling the existence of eager buyers
Economics