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Title: Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90. The ... Post by: Peregrinus on Nov 14, 2017 Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90. The marginal revenue product of the fourth worker is $100. Then the government imposes a minimum wage of $90 a worker. If the firm now hires the fourth worker, its profits
A) will increase by $10. B) will increase by $20. C) will decrease by $10. D) will decrease by $20. Title: Re: Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90. The ... Post by: thanhtanrx789 on Nov 14, 2017 Content hidden
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