Increases in the marginal product of labor result from
A) increasing the usage of all inputs. B) the division of labor and specialization.
C) the use of new technology. D) hiring more efficient workers.
B
Economics
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The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal private benefit is
A) zero. B) $14,000. C) $19,000. D) $16,000.
Economics
Marginal benefit is the total benefit to a consumer from consuming one more unit of a good or service
Indicate whether the statement is true or false
Economics