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Laurent Laurent
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Posts: 803
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6 years ago
A profit-maximizing business hires labour in a competitive labour market. If the marginal revenue product of labour is greater than the wage rate, the business should
A) increase the wage rate.
B) decrease the wage rate.
C) increase the quantity of labour hired.
D) decrease the quantity of labour hired.
E) increase the marginal revenue product of labour.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
Read 53 times
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wrote...
6 years ago
C
Laurent Author
wrote...
6 years ago
Wow, seems easier than I expected
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