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ECO 2023 (Online) 5. If the value of marginal product of labor exceeds the wage rate, the firm should hire more labor to increase its

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ECO 2023 (Online) 5. If the value of marginal product of labor exceeds the wage rate, the firm should hire more labor to increase its prot. a. b. should hire less labor to increase its profit. c. is maximizing its profit. d. should shut down. 6. When a firm refuses to operate its plant and employ its workers. it is engaging in a strike. a. b. binding arbitration. c. a closed shop. d. a lockout

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