The ______________________: is the expenditure required to construct the building today, replicating it in exact detail.

When the marginal product of an additional worker is less than the marginal product of the previous worker, there are ________ returns to labor

A) increasing total B) decreasing total C) increasing marginal D) decreasing marginal E) constant average

Refer to the scenario above. What can Edward do to induce the housekeeper to work regularly?

A) Pay an efficient wage B) Pay a lower money wage C) Pay a lower real wage D) Pay the minimum wage that the housekeeper would accept