Multiple Choice
Suppose that in November a profit-maximizing firm has 100 employees. By December, the firm has decreased employment. One can infer that, when 100 employees are hired, the
A) firm is losing market share.
B) firm is minimizing losses.
C) wage exceeds the value of the marginal product of labor.
D) value of the marginal product of labor exceeds the wage.
Correct Answer:
Verified
Correct Answer:
Verified
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