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Author Question: A firm should continue to hire a resource as long as the resource's marginal revenue product exceed ... (Read 55 times)

charchew

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on: Jun 30, 2018
A firm should continue to hire a resource as long as the resource's marginal revenue product exceed the resource's marginal resource cost.
 a. True
  b. False

Question 2

The Lorenz curve shows the
 a. functional distribution of income
  b. personal distribution of income
  c. relative percentage of income going to each of the resources
  d. demand for unskilled versus unskilled labor
  e. cumulative percentage of income received by cumulative percentages of households


Pswine

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

A

Answer to Question 2

E


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