Multiple Choice
A profit-maximizing firm starts with 100 employees and then increases employment.What occurs when 100 more employees are hired
A) The wage exceeds the value of the marginal product of labour.
B) The value of the marginal product of labour exceeds the wage.
C) The marginal product of labour is increasing.
D) The marginal product of labour is decreasing.
Correct Answer:
Verified
Correct Answer:
Verified
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