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Author Question: If a firm finds itself at the point where the value of marginal product of labor is greater than its ... (Read 6 times)

Starlight

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on: May 24, 2019
If a firm finds itself at the point where the value of marginal product of labor is greater than its wage rate, then the firm
◦ stops hiring more workers but does not fire any because the firm is maximizing its profit.
◦ decreases the number of workers it has hired in order to increase its profit.
◦ increases the number of workers it hires in order to increase its profit.
◦ increases sales to keep its employees busy.
◦ changes its employment of workers and maximizes its profit by hiring the number of workers that makes the difference between the value of the marginal product and the wage rate as large as possible.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Starlight on May 24, 2019

shaikhs

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Starlight

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Reply #2 on: May 24, 2019
TY


shaikhs

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Reply #3 on: May 24, 2019
You're welcome


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