The value of the marginal product of labor is given by:

If increasing the utility of the transfer recipient is the only criterion cared about, then _____

a. a cash payment will usual be preferred to an in-kind payment b. an in-kind payment will usually be preferred to a cash payment c. a cash payment and in-kind payment are always equal d. an in-kind payment will always be preferred to a cash payment

In a competitive market, one would expect to see

A) no advertising. B) false advertising. C) advertising only in the Sunday papers. D) minimal advertising.