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Home Q & A Board Other Fields Homework Help Business Economics
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chomtong chomtong
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7 years ago
If the wage rate is less than the marginal revenue product of labor, the firm should ________ to maximize profits.
A) hire more labor and produce less output
B) hire less labor and produce less output
C) hire less labor and produce more output
D) hire more labor and produce more output
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Akshtsaklani21Akshtsaklani21
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7 years ago
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chomtong Author
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