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15. Markets for the Factors of Production
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Problem 13
15. Markets for the Factors of Production
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15. Markets for the Factors of Production / Shifts in Labor Demand / Problem 4
Problem 4
Under what condition would a firm choose to hire an additional worker?
A
When the marginal revenue product is greater than the wage.
B
When the marginal revenue product equals the wage.
C
When the marginal revenue product is less than the wage.
D
When the marginal cost is greater than the marginal revenue product.
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