Question
In theory - firms are suppose to hir labor up the the point where the marginal revenue product equals the marinal factor cost. Explain what
In theory - firms are suppose to hir labor up the the point where the marginal revenue product equals the marinal factor cost. Explain what this means and do you find this to be true? When would this not be the case? Have you witnessed this not being the case in your own work experience?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
