Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Peregrinus Peregrinus
wrote...
Go to Answer
Posts: 266
Rep: 0 0
6 years ago
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.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
Read 147 times
1 Reply
Replies
Answer verified by a subject expert
thanhtanrx789thanhtanrx789
wrote...
#1
Posts: 147
Rep: 0 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Peregrinus Author
wrote...

6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TAT1238
wrote...

Yesterday
Smart ... Thanks!
Kstan109
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1381 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 311
  
 935
  
 4429