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Other Fields Homework Help Economics Topic started by: anhsu on Mar 2, 2019



Title: If the marginal revenue product of the last worker hired exceeds the marginal factor cost of the ...
Post by: anhsu on Mar 2, 2019
If the marginal revenue product of the last worker hired exceeds the marginal factor cost of the worker, the firm would be better served if it

• maintains its current level of workers already hired.

• lays off the last worker hired.

• hires additional workers.

• None of the above is a good option for a profit-seeking firm.


Title: If the marginal revenue product of the last worker hired exceeds the marginal factor cost of the ...
Post by: Mtoney9 on Mar 2, 2019
hires additional workers.