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Question 55 1 pts If the value of the marginal product of labor exceeds the wage, then the firm could increase profit by hiring additional


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Question 55 1 pts If the value of the marginal product of labor exceeds the wage, then the firm could increase profit by hiring additional labor. increase profit by reducing the amount of labor hired. increase revenue by lowering output. O reduce total cost by hiring additional workers. Question 56 1 pts Diminishing marginal product suggests that

Question 55 If the value of the marginal product of labor exceeds the wage, then the firm could increase profit by hiring additional labor. increase profit by reducing the amount of labor hired. increase revenue by lowering output. reduce total cost by hiring additional workers. Question 56 Diminishing marginal product suggests that 1 pts 1 pts

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