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A firm will find it profitable to hire workers up to the point at which their Select one: O A. marginal factor cost equals their wage rate. O B. marginal factor cost is equal to their MRP O C. wage rate equals product price. O D. MP is equal to their MRP.

Sagot :

Option B, A firm will find it profit-maximizing to hire employees up until the point where the cost of its marginal resources equals its MRP.

A competitive, profit-maximizing business will recruit people up until the salary and the value of the marginal output of labor are equal. Until labor's marginal output exceeds the pay rate, a business that seeks to maximize profits would recruit employees . If the pay rate exceeds the marginal product of labor, the firm should increase employees until the two numbers are equal. Up to the moment where the marginal revenue product equals the pay rate, profit-maximizing businesses will add staff.

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