If the wage exceeds the value of the marginal product of labor, then hiring another worker
a. decreases the firm's total revenue.
b. increases the firm's profit.
c. decreases the firm's total cost.
d. decreases the firm's profit.
d
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A consumer is in equilibrium, that is, a consumer is maximizing her utility when marginal utility and price are equal for each of the goods the consumer purchases
Indicate whether the statement is true or false
When a market is in surplus, there is pressure for the price to move upward
a. True b. False Indicate whether the statement is true or false
Fundamental analysis shows that stock in Cedar Valley Furniture Corporation has a price that exceeds its present value
a. This stock is overvalued; you should consider adding it to your portfolio. b. This stock is overvalued; you shouldn't consider adding it to your portfolio. c. This stock is undervalued; you should consider adding it to your portfolio. d. This stock is undervalued; you shouldn't consider adding it to your portfolio.
The "coincidene of wants" problem associated with barter refers to the fact that
What will be an ideal response?