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If a firm hires a worker by paying him a wage higher than the value of the marginal product of the worker, firing the worker
If a firm hires a worker by paying him a wage higher than the value of the marginal product of the worker, - firing the worker will reduce the firm's profits
- firing the worker will increase the firm's profits
- the firm will earn higher protits
- the firm is making an optimum decision
If a firm hires a worker by paying him a wage higher than the value of the marginal product of the worker, | ||||||
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