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A local fast-food restaurant is hiring labor in an amount whereby the MRC of the last worker hired is $16 and the MRP is $12.
A local fast-food restaurant is hiring labor in an amount whereby the MRC of the last worker hired is $16 and the MRP is $12. Based upon this information it can be concluded that: Group of answer choices profits for the restaurant will increase if it hires additional workers. the restaurant should not change its number of workers as it is already maximizing its profits. profits for the restaurant will increase if it hires fewer workers. losses for the restaurant will decrease if it hires additional workers
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