The profit-maximizing firm should continue hiring additional labor as long as:
a. MRC < MRP

b. MRC > MRP.
c. MRC = MRP.
d. the MP of labor > 0.


a

Economics

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Given a one-year Canadian bond with a yield of 8 percent, what will be the U.S. investor's rate of return at maturity if the Canadian dollar appreciates 10 percent against the U.S. dollar?

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The opportunity cost of purchasing an item is

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Economics

In an economy with a fixed exchange rate, when the market forces try to change the exchange rate, the government:

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Economics

In the former USSR, state planners decided what was to be produced. They passed orders down to factories, allocating raw materials, workers, and other factors of production to them. This is an example of (a):

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Economics