When the marginal revenue product of labor (MRPL) is greater than the wage (W) then: A. The firm should hire less labor to pay minimum wage O B. The firm should use more capital to increase the labor productivit OC. The firm should demand more labors in order to get O D. The firm should use less capital and more labors to pay minimum cost maximum profit

When the marginal revenue product of labor (MRPL) is greater than the wage (W) then: A. The firm should hire less labor to pay minimum wage O B. The firm should use more capital to increase the labor productivit OC. The firm should demand more labors in order to get O D. The firm should use less capital and more labors to pay minimum cost maximum profit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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