Ajax has just discovered that the marginal revenue product generated by the last worker hired was $125 while the marginal factor cost was $85. What should Ajax do?
A) Leave the level of production unchanged.
B) Increase the amount produced.
C) Reduce the amount produced.
D) Collect more information before making a decision.
Correct Answer:
Verified
Q83: When the supply of labor to a
Q84: Q85: The marginal factor cost is the Q86: Company A has just discovered that the Q87: The demand curve for labor is the Q89: The demand curve for labor slopes down Q90: The cost of using an additional unit
A) additional
A)
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