The marginal product generated by an additional unit of input times the price of the output is called:
A. the value of the marginal product.
B. the marginal revenue product.
C. Both of these statements are true.
D. Neither of these statements is true.
C. Both of these statements are true.
Economics
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An indexed payment is one
A. whose real value changes with the rate of change in the price level. B. whose nominal value is held constant. C. whose dollar value changes with the rate of change in the price level. D. whose nominal value is equal to its value.
Economics
During democratic presidential administration since 1948, economic growth was highest in ________ year of the administration?
A) first B) second C) third D) fourth
Economics