A Monopolist Will Hire an Additional Unit of Labor as Long

question 15

Multiple Choice

A monopolist will hire an additional unit of labor as long as

• A) the additional cost of the worker is outweighed by the additional revenues made from selling the output of theses workers.
• B) the marginal revenue curve is above the demand curve.
• C) the marginal revenue product is larger than the marginal factor cost.
• D) the marginal revenue product is less than the marginal factor cost.

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A piece of cloth or paper used at the table for wiping the mouth and fingers while eating.

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