Suppose the Marginal Resource Cost of the Tenth Worker Hired

question 26

Multiple Choice

Suppose the marginal resource cost of the tenth worker hired by a firm is $4 and the wage of the tenth worker is $3.The firm will hire ten workers if the marginal revenue product of the tenth worker is _____.

• A)$1.
• B)less than $3.
• C)greater than or equal to $3.
• D)greater than or equal to $4.
• E)less than $4.

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Definitions:

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