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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: To maximize profits, firms hire labor as long as
Post by: Loraine on Jun 21, 2015
To maximize profits, firms hire labor as long as
A) each additional hour hired produces more additional output than the real wage rate.
B) the total hours hired produces more additional output than the real wage rate.
C) each additional hour hired produces more additional output than the nominal wage rate.
D) the quantity of labor supplied increases as the real wage rate increases.
E) workers continue to supply labor to the firm.


Title: Re: To maximize profits, firms hire labor as long as
Post by: Smoooth on Jul 14, 2015
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Title: Re: To maximize profits, firms hire labor as long as
Post by: Smoooth on Aug 31, 2015
No problemo :-]