16. In the movie Moneyball, Oakland Athletics general manager, Billy Beane was able to _________ the marginal cost of labor by ____________________. This meant that the marginal product of labor ___________ and profits ________.

1. Lower; hiring the most expensive free agents; decreased; increased.
2. Increase; hiring less expensive, undervalued players; decreased; increased slightly.
3. Lower; employing undervalued, overlooked players, increased; increased.
4. Ignore; hiring players that were the best in their position; fell; increased sharply.