A profit-maximizing firm will: O reduce employment if VMPL exceeds MCL. O expand employment if the VMPL exceeds MCL. reduce employment if VMP equals MCL. O expand employment if VMPL equals MCL
A profit-maximizing firm will: O reduce employment if VMPL exceeds MCL. O expand employment if the VMPL exceeds MCL. reduce employment if VMP equals MCL. O expand employment if VMPL equals MCL
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A profit-maximizing firm will:
O reduce employment if VMPL exceeds MCL.
O expand employment if the VMPL exceeds MCL.
O reduce employment if VMPL equals MCL.
O expand employment if VMPL equals MCL](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7442f2da-2893-4b70-9515-d63ec7303f9a%2Fc071ad57-3bdb-478d-a48c-398ee2ed6916%2Fup8l1rh_processed.png&w=3840&q=75)
Transcribed Image Text:A profit-maximizing firm will:
O reduce employment if VMPL exceeds MCL.
O expand employment if the VMPL exceeds MCL.
O reduce employment if VMPL equals MCL.
O expand employment if VMPL equals MCL
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