A competitive, profit-maximizing firm hires workers up to the point where the

a. marginal product equals zero.
b. marginal revenue product equals zero.
c. marginal product equals the wage.
d. value of the marginal product equals the wage.


d

Economics

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If the central bank does not purchase foreign assets when output increases but instead holds the money stock constant, can it still keep the exchange rate fixed at ? Please explain

What will be an ideal response?

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The price that a firm's only competitor charges would be a

a. topic in microeconomics b. topic in finance c. macroeconomic topic d. topic in public finance e. normative issue

Economics

Loans are better than grants for higher education.

A. True B. False C. Uncertain

Economics

A mortgage loan that would allow a borrower to pay less than the full interest accrued on the debt over the first few (typically five or ten) years of the mortgage could be called

A. a "negative-amortization" mortgage. B. a "zero-interest" mortgage. C. an "interest-only" mortgage. D. all of the options are correct.

Economics