A firm operating in a purely competitive labor market has the marginal revenue product schedule shown in the table. If the wage rate decreases from $22.50 to $21.50, by how much will the firm expand employment?
A)2 workers
B)3 workers
C)0 workers
D)1 worker

Question

A firm operating in a purely competitive labor market has the marginal revenue product schedule shown in the table.  If the wage rate decreases from $22.50 to $21.50, by how much will the firm expand employment?
A)2 workers 
B)3 workers 
C)0 workers 
D)1 worker

Quizplus · Accepted Answer

The Answer of A firm operating in a purely competitive labor market has the marginal revenue product schedule shown in the table.  If the wage rate decreases from $22.50 to $21.50, by how much will the firm expand employment?
A)2 workers 
B)3 workers 
C)0 workers 
D)1 worker

A Firm Operating in a Purely Competitive Labor Market Has