The Marginal Revenue Product is ?

Related Mcqs:

An increase in the wage rate ?

A. Will usually lead to more people employed B. Will decrease total earning if the demand for labour is wage elastic C. is illegal in a free market D. will cause a shift in the demand for labour...

Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?

A. Structural unemployment B. Cyclical Unemployment C. Frictional Unemployment D. None of these answers E. Sectoral Unemployment...

A reservation wage is the ?

A. Maximum wage the firm is willing to pay B. tip necessary to get a waiter to reserve a table C. minimum wage the worker is willing to accept D. competitive equilibrium wage....

Which of the following statements about efficiency wage theory is true ?

A. Paying above the competitive equilibrium wage tends to cause workers to shirk their responsibilities B. Firms do not have a choice about whether they pay efficiency wages or not because these wages are determined by law C. Paying the lowest possible wage is always the most efficient (Profitable) D. Paying above the competitive equilibrium … Which of the following statements about efficiency wage theory is true ?Read More...

Which of the following is an example of a reason why firms might pay efficiency wages ?

A. At equilibrium wages workers sleep when the boss is not looking because workers are not deeply concerned about being fired B. At equilibrium wages workers often quit to find better jobs. C. At equilibrium wages only minimally qualified workers apply for the job D. At equilibrium wages, workers cannot afford a healthy diet so … Which of the following is an example of a reason why firms might pay efficiency wages ?Read More...