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When a profit-maximizing firm makes a decision to employ a worker, that decision is based on: the individual contribution that the worker makes to the
When a profit-maximizing firm makes a decision to employ a worker, that decision is based on: the individual contribution that the worker makes to the profit of the firm. the average productivity of the firm's labor force. the familial relationship between the employer and the employee. the total output produced by the firm. If labor demand rises faster than labor supply, it is expected that real wages will ____. stay the same decrease increase Not enough information is available to determine the impact on real wage rates
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