A firm uses labor and capital. To tell if the firm is technologically efficient, you
A) do not need to know the cost of labor or the cost of capital.
B) need to know the cost of capital but not the cost of labor.
C) need to know the cost of labor and the cost of capital.
D) need to know the cost of labor but not the cost of capital.
A
Economics
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Private saving equals:
a. Y - C - T + TR b. Y + C + T + TR c. Y + C + T - TR d. Y + C - T - TR
Economics
If there is 2 percent frictional unemployment, 3 percent structural unemployment, and 1 percent cyclical unemployment, then the natural rate of unemployment equals:
A. 3%. B. 6%. C. 4%. D. 5%.
Economics