The marginal product of labor (measured in units of output) for Relient Corp is given by MPN = A(200 - N)
where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $3 per unit and A = 2.0. What will be the demand for labor if the nominal wage is $30?
A) 170
B) 185
C) 190
D) 195
D
Economics
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Refer to Table 9-6. What is the value of $D in Stage 4 (round up to the nearest whole number)?
A) $82 B) $102 C) $12 D) $160
Economics
Currency includes
A) paper money and coins. B) paper money, coins, and checks. C) paper money and checks. D) paper money, coins, checks, and savings deposits.
Economics