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If a firm can increase output by hiring more workers, then 0 it will do so only if the cost of hiring the workers (and
If a firm can increase output by hiring more workers, then 0 it will do so only if the cost of hiring the workers (and purchasing the materials) is more than the increase in revenues associated with the increase in sales. 0 it will always do so. 0 it will do so only if the cost of hiring the workers (and purchasing the materials) is less than the increase in revenues associated with the increase in sales. 0 it will never do so. To an economist, quitting never makes sense. makes sense if at the quantity where MC=MR, the price is less than ATC. makes sense if at the quantity where MC=MR, the firm loses money. O Makes sense if at the quantity where MC=MR, the price is less than AVC.When the firm is a price taker, at the quantity where profit is maximized, MC>P>MR. MC. MC=P=MR. OMC=P.If MR=MC and P>AVC, the firm should produce O more than this quantity. O at this quantity. O fewer than this quantity. O zero.If MR
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