As long as the marginal product of labour is positive,a
A) firm should continue to hire additional workers.
B) firm's profit will always rise as additional workers are hired.
C) firm's profit will always be positive as additional workers are hired.
D) firm's total output will always rise as additional workers are hired.
E) firm's total output will always rise,but its average output will always fall,as additional workers are hired.
Correct Answer:
Verified
Q4: Profit is the
A) difference between total revenue
Q5: The reason for the existence of the
Q6: Which of the following factors of production
Q7: Which of the following factors of production
Q8: Profit maximization is the primary objective of
A)
Q10: A profit-maximizing price taker must decide
A) only
Q11: The short run is defined as
A) one
Q12: Total revenue minus the sum of explicit
Q13: The long run is defined as
A) one
Q14: When the existing factory is becoming increasingly
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