Suppose a firm's workers, type A and type B, are independent in production. All else equal, it is optimal for the firm to hire O a mixture of type A and type B workers. only type A workers, if type A workers have a higher sales to dollar cost ratio. only type A workers, if type A workers have a higher dollar cost to sales ratio. Any of the above could be true.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter11: Labor Markets
Section: Chapter Questions
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Suppose a firm's workers, type A and type B, are independent in production. All else
equal, it is optimal for the firm to hire
a mixture of type A and type B workers.
only type A workers, if type A workers have a higher sales to dollar cost ratio.
only type A workers, if type A workers have a higher dollar cost to sales ratio.
Any of the above could be true.
Transcribed Image Text:Suppose a firm's workers, type A and type B, are independent in production. All else equal, it is optimal for the firm to hire a mixture of type A and type B workers. only type A workers, if type A workers have a higher sales to dollar cost ratio. only type A workers, if type A workers have a higher dollar cost to sales ratio. Any of the above could be true.
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