If the wage rate is ________ the value of marginal product, a firm can increase its profit by ________
A) greater than; selling an extra unit of output
B) less than; selling one less unit of output
C) less than; hiring an extra worker
D) less than; hiring one less worker
C
Economics
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The legislation that separated investment banking from commercial banking until its repeal in 1999 is known as the
A) National Bank Act of 1863. B) Federal Reserve Act of 1913. C) Glass-Steagall Act. D) McFadden Act.
Economics
Suppose the CPI was 104 in 1967, and suppose currently the CPI is 390 . According to the CPI, $10 in 1967 purchased the same number of goods and services as
a. $28.88 purchases today. b. $37.50 purchases today. c. $42.64 purchases today. d. $104.00 purchases today.
Economics