If a firm hires 215 workers it will produce 3,016 units of output. If it hires 216 workers it will produce 3,128 units of output. The marginal physical product of labor equals

A) 1.
B) 112.
C) 216.
D) 3,128.

B

Economics

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If only one player in a game has a dominant strategy, there can be no Nash equilibrium

Indicate whether the statement is true or false

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If the proportion of GDP that people choose to hold in the form of money balances is 0.25, then a $100 increase in the money supply will lead to a rightward shift in the LM curve in the amount of

A) $400. B) $ 25. C) $ 75. D) $100.

Economics