Multiple Choice
If a firm uses the marginal principle,then the firm picks the quantity of workers
A) at which the marginal benefit equals the marginal cost.
B) at a point where the firms earns an additional profit by employing one additional unit of labor.
C) at the point equal to the total product of labor times the price of labor.
D) which is the same as the marginal product of labor.
Correct Answer:
Verified
Related Questions
Q1: Economists say that labor demand is a
Q2: What does a firm use to decide
Q3: If the marginal product of the third
