To Maximize Profits,firms Hire Labor as Long as

question 227

Multiple Choice

To maximize profits,firms hire labor as long as

• A)each additional hour hired produces more additional output than the real wage rate.
• B)the total hours hired produces more additional output than the real wage rate.
• C)each additional hour hired produces more additional output than the nominal wage rate.
• D)the quantity of labor supplied increases as the real wage rate increases.
• E)workers continue to supply labor to the firm.

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