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AndrewKraus AndrewKraus
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6 years ago
The decision rule for a profit-maximizing firm operating in a competitive market to hire an additional worker is the value of the:
A) marginal product of the worker should be equal to or greater than the wage rate.
B) marginal product of the worker should be equal to or lower than the wage rate.
C) average product of the worker being hired should be equal to the wage rate.
D) average product of the worker being hired should be lower than the wage rate.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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AndrewKraus Author
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#2
6 years ago
Needed this for my economics assignment, thanks
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