The profit-maximizing quantity of labor equates the marginal product of labor with
A) total factor productivity.
B) the marginal product of capital.
C) the real wage.
D) the average product of labor.
C
Economics
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Along the upward-sloping segment of the aggregate supply curve,
a. when real GDP increases, the price level rises b. when real GDP increases, the price level does not change c. when real GDP decreases, the price level rises d. when real GDP increases, the price level falls e. no relationship exists between changes in real GDP and changes in the price level
Economics
According to the following information, what is the unemployment rate? Number of Employed: 800 Number of Unemployed: 200 Not in the Labor Force: 50
a. 6% b. 19% c. 20% d. 28%
Economics