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The price of a product is $300 per unit. If the firm pays a wage of $1,400 per week and the marginal product of labor
The price of a product is $300 per unit. If the firm pays a wage of $1,400 per week and the marginal product of labor (MPL) equals 40 units per week, then the firm is most likely to
Select one:
a.hire more workers.
b.let some workers go.
c.keep the same amount of workers.
d.produce less products.
e.keep the same amount of products.
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