under-what-condition-would-a-firm-choose-to-hire-an-additional-worker

Question

Under what condition would a firm choose to hire an additional worker?

Accepted Answer

When the marginal revenue product is greater than the wage.

Answer

When the marginal revenue product equals the wage.

Answer

When the marginal revenue product is less than the wage.

Answer

When the marginal cost is greater than the marginal revenue product.