Microeconomic MCQ 1: 20.The general rule governing the hiring of workers is to
A) minimize labor costs.
B) minimize labor costs per unit.
C) equate total labor costs to total labor benefits.
D) maximize marginal product.
E) equate marginal labor costs to marginal labor benefits.

Question

20.The general rule governing the hiring of workers is to
A) minimize labor costs.
B) minimize labor costs per unit.
C) equate total labor costs to total labor benefits.
D) maximize marginal product.
E) equate marginal labor costs to marginal labor benefits.

Gonza R · Accepted Answer

E) equate marginal labor costs to marginal labor benefits.

Microeconomic MCQ 1

20.The general rule governing the hiring of workers is to A) minimize labor costs. B) minimize labor costs per unit. C) equate total labor costs to total labor benefits. D) maximize marginal product. E) equate marginal labor costs to marginal labor benefits.

E) equate marginal labor costs to marginal labor benefits.

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