This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm finds itself at the point where the value of marginal product of labor is greater than its ... (Read 35 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Starlight on May 24, 2019

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
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.
Answer Preview
Only 56% of students answer this correctly


Starlight

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: May 24, 2019
TY


shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Labor and delivery. Labor and delivery.
Decimal Point Place Values Decimal Point Place Values
Common trigger point locations, anterior and posterior. Common trigger point locations, anterior and posterior.
The Stages of Labor and Birth in a Vaginal Delivery The Stages of Labor and Birth in a Vaginal Delivery
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Find the derivative using the product rule Find the derivative using the product rule
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library