I always valued men and women equally and I found that becau

“I always valued men and women equally, and I found that because others did not, good women economists were cheaper than men.”

                        Former Federal Reserve Chair Alan Greenspan inThe New York Times   

Dr. Greenspan’s comments imply that because the values of the marginal products of male and female economists were                  , hiring female economists rather than male economists was                  .

Solution

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The value of marginal product of male and female economists was equal, hiring female economist rather than male economist was profit maximizing.