The value of the marginal product of any input is equal to the marginal product of that input multiplied by the
a. wage.
b. marginal cost of the output.
c. change in total profit.
d. market price of the output.
d
Economics
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If the inflation rate is 3 percent and the real interest rate is 3 percent, then what is the nominal interest rate?
What will be an ideal response?
Economics
Long-run cost functions are estimated using
A) time-series regression analysis. B) cross-sectional regression analysis. C) cost accounting data. D) None of the above
Economics