An employer should hire one more worker if
A) the total benefit exceeds the total cost.
B) the marginal cost is falling.
C) the marginal benefit exceeds the marginal cost.
D) demand is rising.
Correct Answer:
Verified
Q18: Marginal revenue product is the
A)change in revenue
Q19: The marginal revenue product is equal to
Q20: The marginal revenue product of labor is
Q21: The marginal cost of an additional worker
Q22: An additional worker hired, produces extra output
Q24: Employers should hire more workers when the
Q25: The Rational Rule for Employers says to
Q26: Use the data in Table: Pat's
Q27: Use the data in Table: Larry's
Q28: Use the data in Table: Wendy's
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