The Pat Summerall School of Diction is employing teachers such that the marginal revenue product of teachers exceeds the wage rate. The school will
a. reduce its demand for teachers
b. lay off teachers
c. be losing money from those teachers employed
d. hire more teachers
e. increase the price of diction classes
D
Economics
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Refer to the given data. At the profit-maximizing level of employment, this firm's total labor cost will be:
A. $16.
B. $30.
C. $24.
D. $32.
Economics
Which of the expenditure components of GDP can be negative?
A. Net exports are negative when imports exceed exports B. Consumption spending on durables C. Consumption spending on services D. Net exports
Economics