Suppose the MRP of a Firm's 12th Worker Is $22

question 92

Multiple Choice

Suppose the MRP of a firm's 12th worker is $22 and the worker's marginal wage cost is $16. We can say with certainty that the firm

• A) is hiring labor in a competitive labor market at a wage rate of $16.
• B) is hiring labor in a monopsonistic labor market.
• C) will find it profitable to hire fewer workers.
• D) will find it profitable to hire more workers.

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