Author Question: A profit-maximizing firm hires labor until a. the price of output equals the price of labor. b. ... (Read 55 times)

DyllonKazuo

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A profit-maximizing firm hires labor until
 
  a. the price of output equals the price of labor.
  b. the price of output equals the marginal product of labor
  c. the real wage equals the marginal product of labor.
  d. the real wage equals the marginal product of labor multiplied by the price of output.

Question 2

One of the most responsive components of investment to changes in interest rates are
 
  a. equipment.
  b. inventories.
  c. automobile purchases.
  d. residential housing.
  e. none of the above.



akpaschal

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Answer to Question 1

C

Answer to Question 2

D



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