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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Definitions:

Flexibility

The ability of a system or process to adapt or adjust to changing conditions or needs.

FAIS

Financial Advisory and Intermediary Services, regulations designed to protect consumers by ensuring fair treatment by financial service providers.

TPS

Stands for Transactions Per Second, a measure of the throughput or operational capability of a computer system or application, crucial in evaluating system performance.

Interorganizational ERP

Interorganizational ERP (Enterprise Resource Planning) systems support the shared management of business processes across multiple organizations, enabling data sharing and collaboration.