Author Question: Refer to above figure. If OmL1 workers are employed in manufacturing then what is the marginal ... (Read 61 times)

jayhills49 · **on:** Jun 30, 2018

Refer to above figure. If OmL1 workers are employed in manufacturing then what is the marginal productivity of labor in agriculture?

What will be an ideal response?

Question 2

If firms in an industry are generating knowledge that other firms can use without paying for it, this industry is characterized by

A) social costs that exceed private costs.
B) social benefits that exceed private benefits.
C) social costs that exceed social benefits.
D) private benefits that exceed social benefits.
E) social benefits that undermine private benefits.