Multiple Choice
Suppose the MRP of a firm's 20th worker is $16 and the worker's marginal wage cost is $22. We can say with the most certainty that the firm
A) is hiring labor in a competitive labor market at a wage rate of $22.
B) is hiring labor in a monopsonistic labor market.
C) will find it profitable to hire more workers.
D) will find it profitable to hire fewer workers.
Correct Answer:
Verified
Correct Answer:
Verified
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