The T Distribution, Compared to the Z Distribution, Is________

question 17

Multiple Choice

The t distribution, compared to the Z distribution, is________.

• A) more skewed.
• B) more peaked for small samples but increasingly like the Z distribution as N increases.
• C) bimodal.
• D) flatter for small sample sizes but increasingly like the Z distribution as N increases.

Analyze the relationship between marginal product, labor input, and the derived demand for labor.

Identify how firms determine optimal levels of employment and the wages they are willing to pay.

Recognize the role of productivity in determining wages and employment levels.

Distinguish between different economic terms related to labor demand such as derived demand, marginal product, and MRP.