When is it not in the best interest of a company to hire additional workers in the short run?

A) when the average product of labor is decreasing
B) when the firm is in Stage II of the production process
C) when the marginal revenue product equals zero
D) when the wage rate is equal to or greater than labor's marginal revenue product


D

Economics

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What will be an ideal response?

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Indicate whether the statement is true or false

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Capital and labor can be ___________ or ___________ factors of production.

Fill in the blank(s) with the appropriate word(s).

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