A firm hires labor in a perfectly competitive labor market. If the wage rate is 44, the firm should hire
a. 44 workers
b. all units of labor whose marginal product is 44
c. all units of labor whose marginal revenue product is 44
d. all units of labor whose marginal revenue product is greater than or equal to 44
e. all units of labor whose marginal revenue product is less than or equal to 44
Question 2
Most waste generated in the U.S. ends up in landfills because
a. the low opportunity cost of time discourages recycling
b. Americans earn low incomes
c. the price of land is relatively low
d. the low wages in the repair industry encourages repairs
e. of low productivity and high wages in the waste disposal industry
Relative rate test, calibrating the molecular clock, and calculating divergence dates.
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