Multiple Choice
You operate a shop that repairs TVs and VCRs.The going wage rate in a competitive market for skilled repair people is $18 per hour.Given the current demand for your services,the marginal revenue product of your repair people is $28 per hour.
-You should
A) increase the number of repair people working for you.
B) decrease the number of repair people working for you.
C) make no change in the number of people you use.
D) lay off all your employees and do all the work yourself.
Correct Answer:
Verified
Correct Answer:
Verified
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