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Suppose that an entertainment ticket sale agency is considering hiring a new employee. This new employee will increase daily sales of basketball tickets by 35
Suppose that an entertainment ticket sale agency is considering hiring a new employee. This new employee will increase daily sales of basketball tickets by 35 units at a price of $ 128 per unit. The new employee will cost the firm $270 per day in wages. Considering the first rule of labor markets, will the firm hire the new employee? OYes ONo This is justified because OThe value of the marginal product of labor is greater than the marginal cost OThe price of a basketball ticket is greater than the daily wage The marginal wage is greater than the value of the marginal product of labor OThe increase in number of tickets sold is lower than the daily wage of the new employee
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