If MPL = 4, the wage rate is 20 and the price at which the product is sold is 4 Group of answer choices a. adding more labor will increase profit b. adding more labor will decrease profits c. adding more labor will keep profits unchanged d. adding labor would make profit fluctuate up and down e. None of the above

If MPL = 4, the wage rate is 20 and the price at which the product is sold is 4 Group of answer choices a. adding more labor will increase profit b. adding more labor will decrease profits c. adding more labor will keep profits unchanged d. adding labor would make profit fluctuate up and down e. None of the above

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 20SQ

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c is not the answer
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