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A Firm Will Hire a Worker Whenever That Worker's Marginal

Question 27

Multiple Choice

A firm will hire a worker whenever that worker's marginal product of labor is:


A) greater than the marginal product of labor for the next best worker.
B) less than the marginal product of labor for the next best worker.
C) greater than the worker's wage.
D) less than the worker's wage.

Correct Answer:

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