According to the above table, the marginal factor cost of the eighth worker is

In the case of an increase in government spending where the price level varies while the money wage is fixed, output

a. rises and prices fall by more than if the price level was fixed. b. falls and price rise by more than if the price level was fixed. c. rises by more and the price level rises by less than if the price level was fixed. d. and the price level are fixed. e. rises and prices fall by more than if the price level was fixed.

When you work to support your lifestyle, you are making a tradeoff

a. True b. False Indicate whether the statement is true or false