The marginal revenue product of labour is ?

Related Mcqs:

Because in-kind transfers are not accounted for in standard measures of income distribution the standard measures of income distribution ?

A. accurately represent the true inequality of living standards B. understate the inequality of living standards C. exaggerate the inequality of living standards D. could exaggerate of understate the inequality of living standards depending on whether the transfers are goods or services....

If the income effect is smaller than the substitution effect, higher net wages will ?

A. reduce the supply of labour. B. increase the demand for labour C. increase the supply of labour D. have no effect on the supply of labour...

In Pakistan the term the poverty trap is used to describe the fact that ?

A. poor people are excluded from most leisure and social activities B. the Pakistan benefit system makes being poor vary degrading C. if poor people earn more their benefits fall, making them no better off. D. in the Pakistan poor people are heavily taxed...

Assuming that leisure is a normal good. if an individual’s labour supply curve is backward bending then the ?

A. income effect is zero B. substitution effect outweighs the income effect C. income effect outweighs the substitution effect D. income effect and the substitution effects are equal...

If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?

A. total variable cost curve B. marginal cost curve C. total product of labour curve D. marginal product of labour curve...