If the value of the marginal product of labor exceeds the wage, then hiring another worker increases the firm's
a. profit.
b. total cost.
c. total revenue.
d. All of the above are correct.
d
Economics
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Interest payments on the national debt are not a problem because we owe all of it to ourselves
Indicate whether the statement is true or false
Economics
Many nations are consistently accused of enjoying the benefits of membership in the United Nations, yet they provide few or no funds to support the organization. This is an example of
A) the principle of rival consumption. B) the free-rider problem. C) the negative externality problem. D) the property rights problem.
Economics