Multiple Choice
If the firm hires to a point where the marginal expense of labor is greater than the marginal revenue product of labor,then
A) profits could be increased by increasing employment.
B) profits could be increased by reducing employment.
C) profits are maximized.
D) total cost must be greater than total revenue.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: If a payroll tax of $X
Q17: The output of workers at a
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Q19: For two substitutes in production,if the scale
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