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When is it not in the best interest of a company to hire additional workers in t

ID: 1218075 • Letter: W

Question

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

___when the average product of labor is decreasing

___when the firm is in Stage II of the production process

___when the marginal revenue product equals zero

___when the wage rate is equal to or greater than labor's marginal revenue product

___when the average product of labor is decreasing

___when the firm is in Stage II of the production process

___when the marginal revenue product equals zero

___when the wage rate is equal to or greater than labor's marginal revenue product

Explanation / Answer

When the wage rate is equal to or greater than labor's marginal revenue product then the company will not hire additional workers in the short run.

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