Multiple Choice
When the MPP of labor is zero,ceteris paribus,
A) Employment can be increased only by offering a higher wage rate.
B) No further increases in output can be achieved by using additional units of labor.
C) MRP is at a maximum.
D) Additional units of labor must be employed because other factors of production are being wasted.
Correct Answer:
Verified
Correct Answer:
Verified
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