【单选题】A monopolist produces a good using only one factor, labor. There are constant returns to scale in production, and the demand for the monopolist's product is described by a downward sloping straight li...
A.
marginal cost of labor to the monopolist exceeds the wage.
B.
marginal product of labor times price of output equals the wage.
C.
marginal product of labor times price of output is less than the wage.
D.
marginal product of labor times price of output exceeds the wage.
【单选题】Because of diminishing returns to capital, doubling the amount of physical capital available for one worker to use will _____ output by _____ a factor of two.
【单选题】According to Euler's theorem, if competitive firms pay each factor its marginal product and the production function has constant returns to scale, the sum of all factor payments will equal: