If the Wage Rate Exceeds the Value of Marginal Product,a

question 30

Multiple Choice

If the wage rate exceeds the value of marginal product,a firm

• A) is maximizing its profit.
• B) can increase its profit by hiring more workers.
• C) can increase its profit by firing some workers.
• D) can increase its profit by increasing the wage rate and not changing its employment.
• E) can increase its profit by increasing the wage rate and increasing its employment.

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