If the value of the marginal product of labor exceeds the, Ask an Expert

Economics

If the value of the marginal product of labor exceeds the wage, then the firm could.?

a) reduce total cost by hiring additional workers.

b) increase profit by hiring additional labor.

c) increase revenue by lowering output.

d) increase profit by reducing the amount of labor hired.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M968952

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