Multiple Choice
The firm will hire current labour until
A) the marginal product of labour is less than the real interest rate.
B) profits are maximized.
C) total factor productivity is maximized.
D) the marginal product of labour equals the wage rate.
E) the marginal product of labour equals total employment.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A key determinant of investment is<br>A)the level
Q3: The marginal benefit from investment comes from<br>A)increases
Q4: A consumer may increase his or her
Q5: The assumption that current-period labour supply is
Q6: How many of the following business cycle
Q7: The demand for current consumption, as plotted
Q8: If a bubble occurs in the housing
Q9: An increase in government spending<br>A)does not affect
Q10: If government spending increases then, given the
Q11: When drawn against the real interest rate,