Refer to the below graph which shows the supply and demand for unionized manufacturing workers. The initial equilibrium point is point 1. There is an increase in the demand for manufactured goods while at the same time health benefits for unionized manufacturing workers also increase. Which point would represent the new equilibrium?

All financial intermediaries are financial institutions, but not all financial institutions are financial intermediaries

a. True b. False Indicate whether the statement is true or false

If the marginal revenue product of the last worker hired exceeds the marginal factor cost of the worker, the firm would be better served if it

A. maintains its current level of workers already hired. B. hires additional workers. C. lays off the last worker hired. D. None of these is a good option for a profit-seeking firm.