An increase in the number of workers hired by a firm could result from
A) a decrease in the marginal product of labor.
B) a decrease in the marginal revenue product of labor.
C) an increase in the real wage.
D) a decrease in the real wage.
D
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If you travel to Mexico you will often see currency exchange businesses along the way as you approach the border
Even though each of these businesses is essentially "selling" the same product (i.e. Mexican pesos) how is it that some of them are able to charge more for the peso than others?
Stock market crashes lead us to believe that
A) factors other than market fundamentals have an effect on asset prices. B) unexploited profit opportunities never exist. C) crashes are always predictable when market participants behave rationally. D) bubbles are a natural outcome of an efficient market.