Solved

A Firm Should Hire More Workers to Increase Its Profits

Question 100

Multiple Choice

A firm should hire more workers to increase its profits if


A) the marginal product of labour is greater than the wage the firm will pay these workers.
B) the wage rate is less than the marginal revenue product of labour.
C) there is enough capital and other resources for the workers to use.
D) the demand for labour is elastic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions