Multiple Choice
A profit-maximizing firm will base its decision to hire workers on the additional costs and benefits of each worker.If the extra output that is produced by hiring one more unit of labor adds more to _____ than to _____,the firm will increase its profit by increasing the use of labor.
A) total cost;total revenue
B) total revenue;total cost
C) marginal cost;marginal revenue
D) marginal cost;total cost
Correct Answer:
Verified
Correct Answer:
Verified
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