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Author Question: Which rule does the United Corporation use when maximizing profit? (Read 34 times)

Kikoku

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on: May 24, 2019
Which rule does the United Corporation use when maximizing profit?
◦ Employ all resources until the value of their marginal products is equal.
◦ If the value of the marginal product of labor exceeds the wage rate, hire fewer workers.
◦ Hire labor up to point at which the value of marginal product of labor equals the wage rate.
◦ Reduce the wage rate until it equals the marginal product of labor.
◦ Hire labor up to point at which the value of marginal product of labor equals the price of the good or service the labor produces for United Corporation.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Kikoku on May 24, 2019

frejo

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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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Kikoku

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Reply #2 on: May 24, 2019
Excellent


frejo

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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