Since the Great Depression, business fluctuations have become more severe and longer in duration.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Marginal revenue product is defined as the extra:
a. output a firm would receive after hiring one more unit of resource.
b. cost of hiring one more unit of resource
c. revenue earned by selling one more unit of product.
d. revenue earned by hiring one more unit of resource
e. output received by spending one more dollar on resources
