A competitive firm hires workers as long as:
A) marginal product of labor is positive.
B) value of marginal product of labor is positive.
C) marginal product of labor is greater than the wage rate.
D) value of marginal product of labor is greater than the wage rate.
Correct Answer:
Verified
Q21: Which of the following statements is true
Q22: Which of the following is a cost
Q23: _ represents a firm's demand curve for
Q24: Identify the correct statement from the following.
A)Wages
Q25: Marginal product of labor is:
A)the extra output
Q27: Which of the following assumptions is made
Q28: The general health of the population of
Q29: A written contract between an employer and
Q30: Assume that a firm is operating in
Q31: A competitive firm produces notebooks which sell
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