Figure 10.1 depicts a firm's marginal revenue product curve. If the firm maximizes its profit and the hourly wage is $15, how many hours of labor will the firm demand?

If the Fed attempts to reach and maintain very low rates of unemployment, we would expect the rate of inflation to rise

Indicate whether the statement is true or false

In 2013 ____ of national factor income consisted of employee compensation

a. 90 percent b. 50 percent c. 60 percent d. 70 percent