When a firm is hiring an input such that the marginal revenue product of the input is equal to the marginal factor cost of the input, the firm
A) should be expanding output.
B) is hiring too little of the input.
C) is maximizing economic profit.
D) is producing too much output.
C
Economics
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When each member of a group has transitive preferences but the collective preferences of the group are not transitive, this is an anomaly known as the ________
Fill in the blank(s) with correct word
Economics
Mexico and the United States are trading partners. If Mexico experiences a recession, the _____
a. aggregate demand curve of the United States will shift rightward. b. aggregate demand curve of the United States will shift leftward. c. aggregate supply curve of the United States will shift rightward. d. aggregate supply curve of the United States will shift leftward.
Economics