To maximize its profit, a firm will hire more workers as long as
A) marginal revenue exceeds the wage rate.
B) marginal revenue is less than the wage rate.
C) value of marginal product exceeds the wage rate.
D) marginal product exceeds the wage rate.
Correct Answer:
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Q38: Q39: Intel hired a consultant who found that Q40: As the quantity of labor increases, value Q41: Which of the following is a condition Q42: The quantity of labor demanded by the Q44: If the value of marginal product of Q45: If a firm finds that, at its Q46: If the value of marginal product of Q47: To maximize profit, a firm hires the Q48: A perfectly competitive firm in a competitive![]()
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