A firm will continue hiring labor as long as the MRP of labor _______ the market wage rate.
A) is equal to
B) determines
C) is less than
D) is greater than
Correct Answer:
Verified
Q2: Workers in one country are more productive
Q3: White-collar employment has risen sharply since the
Q4: The additional revenue obtained by selling the
Q5: The firm will rent more and more
Q6: The demand for goods and services is
Q8: The optimum resource mix for a firm
Q9: As output rises,
A)both marginal revenue product and
Q10: The substitution effect and the output effect
Q11: The additional output that one additional input
Q12: Productivity is _ per unit of _.
A)output;input
B)input;output
C)labor;capital
D)None
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