According to your text, when people talk about "the economy", they probably have in mind

The marginal revenue product of capital is

a. the increase in output that results from employing one more unit of capital b. the increase in profit that results from employing one more unit of capital c. the increase in revenue that results from employing one more unit of labor d. the increase in revenue that results from employing one more unit of capital e. the increase in profits that results from employing one less unit of labor

Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. The market for baseball players suffers from adverse selection because ________ the used car market, buyers (potential new teams) ________ goods (pitchers) that are lemons (low quality).

A. unlike; have difficulty identifying B. like; have difficulty identifying C. unlike; can more easily identify D. like; can more easily identify