Multiple Choice
If the MPP of an additional unit of labor is 4 units per hour,product price is constant at $5 per unit,and the wage rate is $19 per hour,then
A) The additional unit of labor should be employed.
B) The additional unit of labor should not be employed because it costs more than it is worth.
C) The employer should lower wages and accept less employment of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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