For a competitive firm, the value of the marginal product:
A. increases for each additional worker.
B. remains constant across workers.
C. decreases for each additional worker.
D. is zero when profits are maximized.
C. decreases for each additional worker.
Economics
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Why might a developing country choose to peg the value of its currency to the dollar?
What will be an ideal response?
Economics
If the Fed wants to increase the interest rate, it will
a. buy bonds and increase the money supply. b. buy bonds and decrease the money supply. c. sell bonds and increase the money supply. d. sell bonds and decrease the money supply. e. sell bonds and increase money demand.
Economics