If the wage is below the marginal revenue product, then a profit-maximizing firm will

a. employ more workers
b. employ fewer workers
c. see an increase in its demand for labor
d. see an increase in its supply of labor
e. see a fall in its demand for labor


A

Economics

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Ceteris paribus, if African countries experience a drought and purchase food from the United States, the currencies of the African countries should

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Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:

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Which antitrust act was passed to protect independent retailers from "unfair discrimination" by chain stores?

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Economics