Suppose the wage rate is $1000 such that the MRP > VAP. Will the firm want to hire workers? Group of answer choices: a. Yes, because the firm needs employees b. No, because the average cost is greater than the average benefit c. No, because the firm would rather use robots

Suppose the wage rate is $1000 such that the MRP > VAP. Will the firm want to hire workers? Group of answer choices: a. Yes, because the firm needs employees b. No, because the average cost is greater than the average benefit c. No, because the firm would rather use robots

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 3DQ

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Subject:- economics

Suppose the wage rate is $1000 such that the MRP > VAP. Will the firm want to hire workers?
Group of answer choices:
a. Yes, because the firm needs employees
b. No, because the average cost is greater than the average benefit
c. No, because the firm would rather use robots

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