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Explain How a Firm Values the Contribution of Workers to Its

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Essay

Explain how a firm values the contribution of workers to its profitability.Would a profit-maximising competitive firm ever stop increasing employment as long as marginal product is rising? Explain your answer.


Definitions:

Total Employment

The total number of individuals in an economy who are currently employed and working.

Illegal Immigration

The act of moving into or residing in a country without the permission required under immigration laws.

Illegal Immigrant Workers

Illegal immigrant workers are individuals working in a country without the legal permission or visa required to do so by that country.

Equilibrium

A state in a market or economy where demand equals supply, resulting in stable prices and quantities.

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