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Labor force participation rates for older workers may rise if pension benefits falL pension benefits rise the expected lifespan continues to decline real wages for younger workers

Labor force participation rates for older workers may rise if: A. pension benefits fall. B. pension benefits rise. C. the expected lifespan continues to decline. D. real wages for younger workers fall. In a long-run equilibrium, a firm operating in perfectly competitive output and labor markets will select an optimal combination of inputs at a level of input use at which: A. the marginal product of each input equals the factor price. B. the marginal product of any input equals the marginal product of any other input. C. the marginal product per dollar spent on each input is equalized for all inputs. D. None of the above is correct.

Apr 04 2020 View more View Less

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