To get a profit-maximizing firm in a perfectly competitive labor market to hire another worker, the firm will need to
A) lower the wage rate paid to that last worker hired and also to all previous workers hired.
B) raise the wage rate paid to that last worker hired and also to all previous workers hired.
C) lower the wage rate paid to the last worker hired only.
D) raise the wage rate paid to the last worker hired only.

Question

Quizplus · Accepted Answer

The Answer of To get a profit-maximizing firm in a perfectly competitive labor market to hire another worker, the firm will need to
A) lower the wage rate paid to that last worker hired and also to all previous workers hired.
B) raise the wage rate paid to that last worker hired and also to all previous workers hired.
C) lower the wage rate paid to the last worker hired only.
D) raise the wage rate paid to the last worker hired only.

To Get a Profit-Maximizing Firm in a Perfectly Competitive Labor