Multiple Choice
If the value of marginal product of the 10th worker is $60,then the
A) quantity of labor demanded when the wage rate is $60 will be 10 workers.
B) wage rate of the 10th worker will be $6.
C) firm will not hire the worker if the wage rate is less than $60.
D) marginal cost of the 10th worker will be $6.
E) quantity of labor demanded when the wage rate is $6 will be 10 workers.
Correct Answer:
Verified
Correct Answer:
Verified
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