• 2022-05-31
    A firm will hire a worker whenever that worker's marginal product of labor is:()
    A: greater
    than the marginal product of labor for the next best worker.
    B: less
    than the marginal product of labor for the next best worker.
    C: greater
    than the worker's wage.
    D: less
    than the worker's wage.
  • C
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    内容

    • 0

      A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the marginal product of labor A: 正确 B: 错误

    • 1

      A competitive firm hires labor until the marginal product of labor equals the A: real wage. B: rental price of capital. C: price of output. D: capital/labor ratio.

    • 2

      Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.

    • 3

      More than one worker ( ) unemployed.

    • 4

      More than one worker ______ dismissed.