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Title: Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know ... Post by: treetreee on Mar 2, 2019 Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know that if this firm operates in perfectly competitive product and labor markets
• the firm's profits would increase if it fired some workers. • the firm would be more profitable if it hired more workers. • the firm is paying wages above the minimum wages. • the firm should use more capital. Title: Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know ... Post by: crdsa on Mar 2, 2019 the firm would be more profitable if it hired more workers.
Title: Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know ... Post by: treetreee on Mar 2, 2019 Thanks
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