1.Assume that restaurant is hiring labor in an amount that the MRC of the last worker is...
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Question:
1.Assume that restaurant is hiring labor in an amount that the MRC of the last worker is $16 and her MRP is $12. On the basis of this information, we can say that:
a.Profits will be increased by hiring additional workers
b.Profits will be increased by hiring fewer workers
c.The restaurant is maximizing profits
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