A. concerns wage rates and labor supply
B. is a political as well as economic issue
C. is complicated by overlapping labor markets
D. all of the above
Related Mcqs:
- When marginal revenue equals marginal cost ?
A. Total revenue equals total cost
B. There is the biggest positive difference between total revenue and total cost
C. There is the biggest negative difference between total revenue and total cost
D. Profits are Zero - If the marginal revenue is less than the marginal cost then to profit maximise a firm should ?
A. Reduce output
B. Increase output
C. Leave output where it is:
D. Increase costs - If marginal revenue equals marginal cost ?
A. No profit is being made
B. Total revenue equals total cost
C. Profits are maximised
D. Producing another unit would increase profits - If labour productivity per week is 200 units and there are 5 employees what is the total output ?
A. 40 units
B. 195 units
C. 1000 units
D. 200 units - Labour Productivity measures ?
A. The output per worker
B. The output per machine
C. Total output
D. Marginal output - If marginal product is below average product ?
A. The total product will fall
B. The average product will fall
C. Average variable cost will fall
D. Total revenue will fall - If marginal cost is positive and falling ?
A. Total cost is falling
B. Total cost is increasing at a falling rate
C. Total cost is falling at a falling rate
D. Total cost is increasing at an increasing rate - The total costs are Rs2000 and 10 units are produced. The marginal cost of an 11th unit is Rs1300 Which of the following is true ?
A. The average cost increase from Rs20 to Rs30
B. The total costs for 11 units are Rs700
C. The average cost for 10 units is Rs1300
D. The average cost for 11 units is Rs1300 - The marginal propensity to consume is equal to ?
A. Total spending / total consumption
B. Total consumption / total income
C. change in consumption / change in income
D. Change in consumption / change in savings - The marginal propensity to save (MPS) is ?
A. the average amount of income that is saved
B. the fraction of a change in income that is saved
C. the ratio of saving to income
D. the ratio of income to saving
