Multiple Choice
If the MRP of an acre of land were $1,000 and its rent were $500,
A) more land is being used than should be used.
B) exactly the right amount of land is being used.
C) not enough land is being used.
D) only half as much land is being used as should be used.
Correct Answer:
Verified
Correct Answer:
Verified
Q154: If the wage rate were $420,how many
Q155: All other things staying the same,an increase
Q156: All of the following affect the demand
Q157: Marginal Revenue Product with three units of
Q158: A firm's demand schedule for labor services<br>A)is
Q160: If the marginal physical product of the
Q161: If the productivity of an assembly line
Q162: In general,when the quantities of a complementary
Q163: The concept of margin,or marginal<br>A)is central to
Q164: Suppose that the marginal revenue product of