Multiple Choice
The firm will hire current labour until
A) profits are maximized.
B) total factor productivity is maximized.
C) the marginal product of labour equals total employment.
D) the marginal product of labour equals the wage rate.
E) the marginal product of labour is less than the real interest rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Optimal investment is<br>A) negatively related with the
Q9: The partial expenditure multiplier<br>A) is the total
Q10: The marginal benefit from investment is<br>A) the
Q11: An asymmetric information problem arises when<br>A) interest
Q12: The total government expenditure multiplier is<br>A) larger
Q14: If firm-level asymmetric information becomes more severe,then<br>A)
Q15: How many of the following business cycle
Q16: The output supply curve is the relationship
Q17: An increase in the default premium<br>A) raises
Q18: The decrease in lifetime wealth affects consumption