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Sergio039 [100]

2 years ago

11

figure 3-5 shows that in U.S. data labor`s shareof total income is aproximatly a constant over time. Table 3-1 shows that the tr

end in labor productivity. How are these facts related. Could the first fact be true without the second also being true.

1 answer:

musickatia [10]2 years ago

4 0

Yes because 1.5 shows less than drops

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The given statement is true, that can be defined as follows:

Explanation:

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Answer:

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Explanation:

Principle of Optimization at the Margin states that the individual maximises utility when consuming a prpduct as long as the marginal benefit exceeds to marginal cost. If marginal cost is greater than the benefit the consumer will find another alternative.

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