Multiple Choice
The dean of your college is considering hiring another economics professor.If the additional revenue that the college can earn from employing the professor exceeds the additional cost, the college should
A) do nothing
B) continue to study the issue
C) hire the professor
D) stop offering economics classes
E) not hire the professor and lay off a professor already on the faculty
Correct Answer:
Verified
Correct Answer:
Verified
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Q16: A change in demand for a resource
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