If a firm's marginal revenue product of labor is $100 and it pays a wage rate of $85,
A) the firm should reduce the wage it pays.
B) the firm is maximizing its profits.
C) the law of diminishing marginal productivity is being observed.
D) the firm can raise its profits by increasing the number of workers.
Correct Answer:
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Q37: The primary difference between marginal revenue product
Q39: The MRP curve for labor generally expresses
A)a
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