Author Question: If the firm hires more labor, everything else held constant, then A) the marginal product of ... (Read 330 times)

Cooldude101 · **on:** Jun 30, 2018

If the firm hires more labor, everything else held constant, then

A) the marginal product of labor falls.
B) output decreases.
C) there is an increase in the marginal product of labor.
D) total factor productivity falls.

Question 2

According the principle of time inconsistency, the most important element of policy making is

a. predictability.
b. transparency.
c. credibility.
d. judgment