Author Question: The Pat Summerall School of Diction is employing teachers such that the marginal revenue product of ... (Read 62 times)

charchew · **on:** Jun 30, 2018

The Pat Summerall School of Diction is employing teachers such that the marginal revenue product of teachers exceeds the wage rate. The school will
a. reduce its demand for teachers
b. lay off teachers
c. be losing money from those teachers employed
d. hire more teachers
e. increase the price of diction classes

Question 2

Which of the following is a positive externality of consumption?
a. inoculations against a disease reduce the likelihood of transmitting it to others
b. phosphates from laundry detergents
c. litter from fast-food containers
d. ozone depletion from the production of fast-food containers
e. the greenhouse effect