Multiple Choice
If the wage rate exceeds the value of marginal product,a firm
A) is maximizing its profit.
B) can increase its profit by hiring more workers.
C) can increase its profit by firing some workers.
D) can increase its profit by increasing the wage rate and not changing its employment.
E) can increase its profit by increasing the wage rate and increasing its employment.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The table
Q26: A technological change that raises the value
Q27: The more people who remain in school
Q28: Suppose in Chicago,at the going wage rate
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q31: The demand for labor curve of nurses
Q32: Which of the following decreases the supply
Q33: Which of the following statements about the
Q34: If UPS hires another worker,UPS will be
Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Kevin owns a