Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 15 - Wage Determination - Review Questions: 4

Answer

C

Work Step by Step

The labor costs have decreased. Thus, it makes sense to get more employees, for the number of employees for which marginal revenue exceeds marginal costs is greater.
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