We observe a profit-maximizing firm hiring its 75th employee. It is possible to infer that, when 74 employees are hired, the
a. wage exceeds the value of the marginal product of labor.
b. value of the marginal product of labor exceeds the wage.
c. marginal product of labor is increasing.
d. firm is attempting to increase its market share.
b
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Changes in business inventories are not considered part of gross private domestic investment spending
Indicate whether the statement is true or false
If a yet-to-be released video game receives a positive review in a popular gaming magazine, what happens to the demand curve for the video game?
A) The demand curve is expected to shift to the right. B) The demand curve is expected to shift to the left. C) The demand curve is not expected to change. D) For those who read the review, demand shifts to the left. For those who don't read the review, demand shifts to the right.