Let MP = marginal product, P = output price, and W = wage, then the equation that represents the condition where a competitive firm would hire another worker is
A) P × MP > W. B) P × MP = W. C) P × W > MP. D) P × MP < W.
A
Economics
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You travel to Paris and pay for a $100 dinner with your credit card. How is this accounted for in the balance of payments?
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Economics