As applied to labor demand, the marginal approach to profit
a. is irrelevant
b. requires setting marginal cost equal to the wage rate
c. requires setting marginal revenue equal to the wage rate
d. says that a firm should increase employment if doing so adds more to revenue than it adds to cost
e. says that a firm should decrease employment if doing so adds more to cost than it adds to revenue
D
Economics
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Deflation exists whenever: a. the overall price level falls
b. the overall price level rises. c. the economy experiences a contraction. d. the price of a good decreases.
Economics
All of the following are major sources for financing public education EXCEPT
A) income taxes. B) sales taxes. C) property taxes. D) government fees.
Economics