A company finds that for the next worker hired, the worker's VMP is less than the cost of the worker. In this case, to maximize its profit the company should
A) definitely hire the worker.
B) perhaps hire the worker, depending on the relationship between the company's MC and MR.
C) definitely not hire the worker.
D) None of the above answers is correct.
C
Economics
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If you wanted to investigate whether a country was successfully developing, what information would you look for? What qualifications might you have to make to the data you have put together?
What will be an ideal response?
Economics
Refer to Table 21.5:Table 21.5QTFCTVCTCAVCMC0 15--1 23 2 43 15 The total variable cost of the first unit of output in Table 21.5 is
A. $6.00. B. $8.00. C. $12.00. D. $15.00.
Economics