Firms hire labor at the point where the
A) nominal wage rate equals the marginal product of labor.
B) real wage rate equals the marginal revenue product of labor.
C) nominal wage rate equals the marginal revenue product of labor.
D) real wage rate equals the marginal revenue product of capital.
C
Economics
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The invention of genetically engineered corn that prevents yield loss due to corn rootworm will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
Economics
A government tax rebate of $1,000 would ________ your disposable income by ________
A) decrease; $1,000 B) increase; less than $1,000 C) decrease; less than $1,000 D) increase; $1,000
Economics