Value of the marginal product of labor, Macroeconomics

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Value of the marginal product of labor

If the value of the marginal product of labor exceeds the wage, then the firm could.?

a) reduce total cost by hiring additional workers.

b) increase profit by hiring additional labor.

c) increase revenue by lowering output.

d) increase profit by reducing the amount of labor hired.

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Macroeconomics: Value of the marginal product of labor

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Macroeconomics: Value of the marginal product of labor

Reference No:- TGS068952

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Value of the marginal product of labor

Reference No:- TGS068952

Recent Questions Asked Macroeconomics

Q : Important client price elastic or price inelastic

Q : Shift the aggregate expenditure function

Q : Demand and supply curves for eggs in the united states

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