Multiple Choice
The value of the output produced by the last worker hired is
A) the product price times the output produced.
B) the product price times the output produced minus the wage times the amount of labor hired.
C) the product price times the marginal product of labor.
D) the wage times the marginal product of labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q89: The real foreign exchange rate depends on
Q90: One of the reasons that investment spending
Q91: In the United States today, consumption spending<br>A)
Q92: National income can be divided into<br>A) investment
Q93: The lower the value of the _,
Q95: If the real exchange rate of the
Q96: When economists use the term "investment" or
Q97: If consumption spending changes by $6 trillion
Q98: The Classical assumptions of the macroeconomy include
Q99: The amount of investment that replaces obsolete