Multiple Choice
A profit-maximizing firm should hire more labor as long as
A) the marginal product of the worker is positive.
B) the marginal revenue product of the worker is positive.
C) the marginal revenue product of the worker is greater than or equal to the wage rate.
D) the marginal revenue product of the worker is greater than or equal to the price of the output.
Correct Answer:
Verified
Correct Answer:
Verified
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