When the marginal revenue product of labor (MRPL) is greater than the wage (W) then: A. The firm should hire less labor to pay minimum wage O B. The firm should use more capital to increase the labor productivit OC. The firm should demand more labors in order to get O D. The firm should use less capital and more labors to pay minimum cost maximum profit

Economics:
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ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter30: The Labor Market
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Problem 14E
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QUESTION 19
When the marginal revenue product of labor (MRPL) is greater than the wage (W) then:
A. The firm should hire
less labor to pay
minimum wage
B. The firm should use more
capital to increase the labor
productivit
C. The firm should demand
more labors in order to get
maximum profit
O D. The firm should use less
capital and more labors
to pay minimum cost
Transcribed Image Text:QUESTION 19 When the marginal revenue product of labor (MRPL) is greater than the wage (W) then: A. The firm should hire less labor to pay minimum wage B. The firm should use more capital to increase the labor productivit C. The firm should demand more labors in order to get maximum profit O D. The firm should use less capital and more labors to pay minimum cost
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