If the U.S. Congress passes legislation to raise taxes to control demand-pull inflation, then this would be an example of a(n)

If a firm is using a resource hired in a perfectly competitive market, and if the price of the resource exceeds the marginal revenue product of the resource,

a. more of the resource should be used. b. less of the resource should be used. c. the firm should pay a lower price for the resource. d. the firm should pay a higher price for the resource. e. the firm is using the optimal amount of the resource

Refer to the data provided in Table 10.1 below to answer the following question(s).   Table 10.1 Refer to Table 10.1. The maximum payment to labor per day that this profit-maximizing T-shirt manufacturer would be willing to pay to hire three workers per day is

A. $15. B. $75. C. $125. D. $200.