To Get a Profit-Maximizing Firm in a Perfectly Competitive Labor

question 18

Multiple Choice

To get a profit-maximizing firm in a perfectly competitive labor market to hire another worker, the firm will need to

• A) lower the wage rate paid to that last worker hired and also to all previous workers hired.
• B) raise the wage rate paid to that last worker hired and also to all previous workers hired.
• C) lower the wage rate paid to the last worker hired only.
• D) raise the wage rate paid to the last worker hired only.

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