A company finds that for the next worker hired, the worker's VMP is less than the cost of the worker. In this case, to maximize its profit the company should
A) definitely hire the worker.
B) perhaps hire the worker, depending on the relationship between the company's MC and MR.
C) definitely not hire the worker.
D) None of the above answers is correct.
Correct Answer:
Verified
Q108: If Sam decides to work, his
A) reservation
Q109: Q110: The lowest wage for which a person Q111: Q112: The reservation wage is the Q114: Q115: A household's reservation wage is the Q116: John's reservation wage is $16 per hour. Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A) highest wage![]()
A) lowest