Jason receives $20,000 per year from the federal government because he is disabled. This is a
A. free rider problem.
B. demerit good.
C. transfer payment.
D. non-rival good.
Answer: C
Economics
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Which of the following would NOT be considered a determinant of marginal productivity?
A) talent B) gender C) experience D) training
Economics
Graphically, a firm determines the optimal amount of labor to hire in its production at:
a. the point of intersection of the marginal product of labor curve and the market wage rate. b. the point of interception of the marginal revenue product curve and the horizontal axis. c. the point of intersection of the marginal revenue product curve and the market wage rate. d. the point of interception of the market wage rate and the vertical axis.
Economics