Assume that a profit maximizing perfectly competitive firm hires labour in a perfectly competitive labour market. If the market wage rate is $12 per hour and the price of the product produced is $3 per unit, the firm will: hire another worker if the output per hour of the additional worker exceeds 4 units. not hire any workers since the cost of labour is greater than the price of the output. hire more workers if each worker can produce 3 units per hour hire fewer workers

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