Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.

-Refer to the above information to answer this question.Suppose that the market wage rate is $8,how much more labour will Nearly Done Inc.employ if the marginal product of labour doubles?
A)0.
B)1.
C)2.
D)3.
E)7.

Question

Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.
 
-Refer to the above information to answer this question.Suppose that the market wage rate is $8,how much more labour will Nearly Done Inc.employ if the marginal product of labour doubles?
A)0. 
B)1. 
C)2. 
D)3. 
E)7.

Quizplus · Accepted Answer

The Answer of Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.
 
-Refer to the above information to answer this question.Suppose that the market wage rate is $8,how much more labour will Nearly Done Inc.employ if the marginal product of labour doubles?
A)0. 
B)1. 
C)2. 
D)3. 
E)7.

Below Is Productivity Data for Firm Nearly Done Inc