Multiple Choice
Consider labour hired for $1000 per week.If the last week of labour hired produces 0.25 units of output which sells for $5000 per unit,________ labour should be hired in this situation since the wage is ________ MRP.
A) more; greater than
B) more; less than
C) less; greater than
D) less; less than
E) no; equal to
Correct Answer:
Verified
Correct Answer:
Verified
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