Explain whythefirm will not hire a larger or smaller number of units of labor at each of these wage rates.

multiple choice 1

• The firm divides the resource price by the MRP in determining its profit-maximizing level of resource employment.
• The firm subtracts the resource price from the MRP in determining its profit-maximizing level of resource employment.
• The firm adds the resource price to the MRP in determining its profit-maximizing level of resource employment.
• The firm equates resource price and MRP in determining its profit-maximizing level of resource employment.