Which of the following is not true about marginal revenue product?
A. It shows the value of the marginal physical product.
B. It is the marginal physical product times price of the product under perfect competition.
C. It is the marginal physical product times marginal revenue.
D. It shows the marginal costs of inputs.
Answer: D
Economics
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Refer to Table 20-18. Looking at the table above, what is the rate of growth of real average hourly earnings from 2015 to 2016?
A) 7.8% B) 6.25% C) 4% D) -4%
Economics
Based on Figure 3.2, it can be inferred that:
A) Alvin does not consider good X as "good." B) Alvin will never purchase any of good Y. C) Alvin regards good X and good Y as perfect substitutes. D) Alvin regards good X and good Y as perfect complements. E) none of the above
Economics