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Peregrinus Peregrinus
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6 years ago
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. If the firm 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:
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alanialani
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6 years ago
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