A firm should hire more labor when the marginal revenue product of labor:
A) equals the wage rate.
B) exceeds the wage rate.
C) is less than the wage rate.
D) Any of these can be true.
E) None of these are true.

Name: A firm should hire more labor when the marginal revenue product of labor: A) equals the wage rate. B) exceeds the wage rate. C) is less than the wage rate. D) Any of these can be true. E) None of these are true.
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Question

Quizplus · Accepted Answer

The Answer is B

A Firm Should Hire More Labor When the Marginal Revenue