Multiple Choice
If firms hire workers until the real wage,W/P,is equal to the marginal product of labor,MPN,then the firm
A) maximizes employment.
B) maximizes employment and profits.
C) maximizes profits.
D) minimizes "waste," such as pollution.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: Most classical macroeconomists considered unemployment<br>A)a minor problem
Q9: When the price firms receive for their
Q10: With a fixed nominal wage the SAS
Q11: With the nominal wage rate given,an increase
Q12: A fall in the price level causes<br>A)the
Q14: The Pigou effect might be ineffective in
Q15: Pigou's explanation of the existence of unemployment
Q16: An increase in the nominal money supply
Q17: The 1933 real GDP per person had
Q18: Consider an initial IS-LM equilibrium point which