A profit-maximising employer will always hire up to the point where the:

Name: A profit-maximising employer will always hire up to the point where the:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Hiring up to the point where the value of marginal product is just equal to market wage ensures that the employer is paying the efficient wage, where the benefit of hiring an additional worker is equal to the cost of that worker's wage. This maximizes the employer's profits while also ensuring they are not overpaying or underpaying their workers.

A Profit-Maximising Employer Will Always Hire Up to the Point