Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 10

In 2005 General Motors (GM) announced that is would reduce employment by 30,000 workers. What does this decision reveal about how it viewed its marginal revenue product (MRP) and marginal resource cost (MRC) Why didn't GM reduce employment by more than 30,000 workers By less than 30,000 workers