If the Value of Marginal Product of the Last Worker

question 115

Multiple Choice

If the value of marginal product of the last worker hired is $24 and the wage rate is $25, then

• A) more workers should be hired.
• B) the worker should be fired.
• C) the firm has hired the profit maximizing number of workers.
• D) the firm is earning $1 of profit from this worker.

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