Solved

A Firm Should Hire More Workers to Increase Its Profits

Question 112

Multiple Choice

A firm should hire more workers to increase its profits if


A) the marginal product of labor is greater than the wage the firm will pay these workers.
B) the wage rate is less than the marginal revenue product of labor.
C) there is enough capital and other resources for the workers to use.
D) the demand for labor is elastic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q107: While labor unions tend to negotiate above-equilibrium

Q108: Figure 17-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 17-6

Q109: Which of the following statements regarding equilibrium

Q110: Table 17-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 17-2

Q111: What is personnel economics?

Q113: Suppose the government enacts legislation which reduces

Q114: If the labor supply curve shifts to

Q115: In 2017, full-time workers aged 25 and

Q116: If the labor supply curve shifts to

Q117: Which of the following statements about commission