Multiple Choice
Suppose that in January a profit-maximizing firm has 25 employees.By February,the firm has decreased employment.One can infer that,when 25 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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