Consider Labour Hired for $18 Per Hour

question 53

Multiple Choice

Consider labour hired for $18 per hour. If the last hour of labour hired produces 8 units of output which sells for $10 per unit, labour should be hired in this situation since the wage is
MRP.

• A) more; less than
• B) less; greater than
• C) more; greater than
• D) no; equal to
• E) less; less than

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Definitions:

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