The cost of hiring one more worker, ceteris paribus, is known as
A) marginal revenue product.
B) marginal physical product.
C) marginal factor cost.
D) marginal wage.
Answer: C
Economics
You might also like to view...
Which of the following is not a power of the Federal Reserve System?
a. Setting the prime interest rate b. Issuing Federal Reserve notes c. Buying and selling U.S. government securities d. Extending loans to member banks e. Clearing checks
Economics
An increase in the demand for loanable funds increases the equilibrium interest rate and decreases the equilibrium level of saving
a. True b. False Indicate whether the statement is true or false
Economics