Multiple Choice
Figure 14.2.1
-Refer to Figure 14.2.1 above. Which of the following statements is correct?
A) Because the value of marginal product is higher than the wage rate for the firm in panel (b) , the firm hires more workers than the firm in panel (a) .
B) Because the value of marginal product is higher than the wage rate for the firm in panel (b) , the firm hires less workers than the firm in panel (a) .
C) Because the value of marginal product is higher than the wage rate for the firm in panel (a) , the firm hires less workers than the firm in panel (a) .
D) Because the value of marginal product is higher than the wage rate for the firm in panel (a) , the firm hires more workers than the firm in panel (a) .
Correct Answer:
Verified
Correct Answer:
Verified
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