We Observe a Profit-Maximizing Firm Hiring Its 75th Employee

question 473

Multiple Choice

We observe a profit-maximizing firm hiring its 75th employee. It is possible to infer that, when 74 employees are hired, the

• A)wage exceeds the value of the marginal product of labor.
• B)value of the marginal product of labor exceeds the wage.
• C)marginal product of labor is increasing.
• D)firm is attempting to increase its market share.

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Definitions:

FlexJobs

A job platform that specializes in offering flexible work arrangements, such as remote work, part-time positions, and freelance opportunities, to help individuals find work-life balance.

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A generational cohort following Generation X, typically regarded as being born between the early 1980s and late 1990s.

Free Agent

An independent professional who offers services to various clients or organizations without a long-term commitment to any of them.

Different Companies

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