Which statement is FALSE?
A) If W < MRPL, the firm should hire less labor.
B) If W > MRPL, the firm should hire less labor.
C) If W = MRPL, the firm has the optimal amount of labor.
D) If the marginal product of labor is rising, then the value of the marginal product of labor is also rising.
Correct Answer:
Verified
Q181: A profit-maximizing firm will hire workers up
Q182: If a firm hires labor such that
Q183: If a firm hires labor such that
Q184: If a firm hires labor such that
Q185: Which statement is TRUE?
A)If W < MRPL,
Q187: If the marginal product of labor at
Q188: Suppose a coffee shop in Des Moines,
Q189: If the wage rate falls, firms will
Q190: Suppose the labor market for electricians is
Q191: As in the case of ordinary demand
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