Suppose the MRP of a firm's 12th worker is $22 and the worker's marginal wage cost is $16.We can say with certainty that the firm:
A) is hiring labor in a competitive labor market at a wage rate of $16.
B) is hiring labor in a monopsonistic labor market.
C) will find it profitable to hire fewer workers.
D) will find it profitable to hire more workers.
Correct Answer:
Verified
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