=+a. A firm can hire only full-time employees to produce its output, or it can hire some

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=+a. A firm can hire only full-time employees to produce its output, or it can hire some combination of fulltime and part-time employees. For each full-time worker let go, the firm must hire an increasing number of temporary employees to maintain the same level of output.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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