The value of marginal product of the tenth worker hired by a firm is $50. What is the maximum wage that should be paid to the worker?

When the price level rises, the long-run aggregate supply curve ________

A) shifts rightward B) does not shift C) slopes upward D) shifts leftward

Production points inside the production possibilities frontier

A) are unattainable. B) are attainable only with the full utilization of all resources. C) are associated with unused or misallocated resources. D) result in more rapid growth.