In the United States, the rate of unemployment is highest for:

As long as production is such that marginal social benefit is greater than marginal social cost, an efficient outcome occurs

Indicate whether the statement is true or false

If a firm wants to maximize profits, it should hire workers up to the point at which

A) total factor cost = total revenue. B) marginal factor cost = marginal revenue product. C) marginal utility = marginal cost. D) total social benefit = total social costs.