By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market
Question:
By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market can
a. Maximize the amount of labor hired.
b. Minimize the amount of capital used.
c. Maximize their profits.
d. Both a and c
e. All of the above
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The correct answer is d Both a and c By hiring workers based on their marginal benefits the ad...View the full answer
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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