If MPL $\lt$ W, the Firm:
A) Has the Optimal Amount of Labor

question 97

Multiple Choice

If MPL $\lt$ w, the firm:

• A) has the optimal amount of labor.
• B) should fire some labor until MPL = w.
• C) should fire some labor until MPL = 0.
• D) should hire more capital until MPK = 0.
• E) should hire more capital until MPL = w.

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Definitions:

Triassic

A geological period that occurred approximately 252 to 201 million years ago, marking the beginning of the Mesozoic Era.

Cretaceous

The last period of the Mesozoic Era, marked by significant geological events and the extinction of dinosaurs.

Pleistocene

The geological epoch from about 2.6 million to 11,700 years ago, characterized by the last ice ages and the emergence of Homo sapiens.

Carboniferous

A geologic period and system that spans 60 million years from the end of the Devonian Period 358.9 million years ago, to the beginning of the Permian Period.