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28-12-2019
Business

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A "profit-maximizing firm competes in both perfectly competitive" product and factor markets. This firm finds that its marginal resource cost for the last unit of labor hired is greater than the marginal revenue product. This firm should__________.

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weaambenyounes29 weaambenyounes29

30-12-2019

Answer:

the correct answer is

produce less of the product and reduce the number of workers, even though the marginal resource cost will remain constant

good luck

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