Multiple Choice
Your boss wants to know if you should lay off any workers.You answer that you should lay off workers if the
A) marginal revenue product of labour is greater than the nominal wage rate.
B) marginal product of labour is greater than or equal to the real wage rate.
C) marginal revenue product of labour is equal to the nominal wage rate.
D) marginal product of labour is less than the real wage rate.
Correct Answer:
Verified
Correct Answer:
Verified
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