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If the wage is below the marginal revenue product, then a-(Answered)

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Question

If the wage is below the marginal revenue product, then a profit-maximizing firm will

employ more workers, ceteris paribus.

employ fewer workers, ceteris paribus.

see an increase in its supply of labor.

see a fall in its demand for labor.

 

Paper#9209265 | Written in 27-Jul-2016

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