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Author Question: The best number of workers for any employer to hire is that quantity in which: a. the marginal ... (Read 82 times)

JMatthes

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on: Jun 30, 2018
The best number of workers for any employer to hire is that quantity in which:
 a. the marginal revenue product equals the marginal factor cost.
  b. the marginal revenue product exceeds the marginal factor cost.
  c. total costs are minimized.
  d. total revenue is maximized.
  e. none of these

Question 2

Which of the following best describes stagflation?
 a. Rising unemployment together with economic growth
  b. Deflation coupled with a decline in money supply
 c. Deficits coupled with rising unemployment
 d. Rising unemployment and high inflation rates
 e. Inflation coupled with balance of trade deficits


ankilker

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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