________ imposes a conceptual structure and inherent discipline on policy makers, but without eliminating all flexibility

Most of the countries of Africa are considered newly industrializing countries

Indicate whether the statement is true or false

The Acme Company is a perfect competitor in its input markets and a monopolist in its output market. Its average product of labor is 30, the marginal product of labor is 20, the price of labor is $20, and the price of the output is $5

For Acme Company, the marginal revenue product of labor A) is $100. B) is $150. C) is $400. D) is $600. E) cannot be determined with the information provided.