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After Hiring 151 Units of the Variable Input (Say Labor)

Question 103

Multiple Choice

After hiring 151 units of the variable input (say labor) a firm determines the MFC to be $0.33 and the MRP to be $0.30.The firm should:


A) increase the output of its product.
B) increase the use of labor.
C) decrease the use of labor.
D) produce 151 units.
E) produce 33 units of the output.

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