For a competitive buyer, the marginal expenditure per unit of an ...

[bobthebuilder]

For a competitive buyer, the marginal expenditure per unit of an input
 
  A) exceeds the average expenditure per unit.
  B) is less than the average expenditure per unit.
  C) equals the average expenditure per unit.
  D) any of the above could be true.

Question 2

Over the last 100 years labor force participation by elderly males has fallen from over 2/3 to 1/5.
 
  Indicate whether the statement is true or false

[Kedrick2014]

Answer to Question 1

C

Answer to Question 2

T

[bobthebuilder]

Thank you

[Kedrick2014]

No problemo