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Business, 20.12.2019 20:31 bren04

We observe a profit-maximizing firm deciding to hire its 51st employee. it is possible to infer that, when 50 employees are employed, the
a. marginal revenue product exceeds the wage.
b. marginal product of labor is increasing.
c. firm is attempting to increase its market share.
d. wage exceeds the marginal revenue product.

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