Multiple Choice
Firms hire labour at the point where the
A) nominal wage rate equals the marginal product of labour.
B) real wage rate equals the marginal revenue product of labour.
C) nominal wage rate equals the marginal revenue product of labour.
D) real wage rate equals the marginal revenue product of capital.
Correct Answer:
Verified
Correct Answer:
Verified
Q83: Cyclical unemployment arises when<br>A)unskilled or low-skilled workers
Q84: In the production function Y = AF(K,N),A
Q85: One's supply of labour depends primarily on<br>A)one's
Q86: Using the labour market model and the
Q87: A new productivity breakthrough in computer technology
Q89: Suppose the country of Prescott has
Q90: Which market determines the real wage and
Q91: Which of the following represents a supply
Q92: Suppose oil prices fall temporarily as oil
Q93: The principle of the diminishing marginal productivity