Multiple Choice
When labor is a firm's only variable input in its production process,a profit-maximizing firm will continue to employ additional workers as long as:
A) the marginal product of labor > 0.
B) the marginal revenue product of labor < the marginal resource cost.
C) the marginal revenue product of labor > the marginal resource cost.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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