Business, 07.12.2019 03:31 ramandeep

Assume that a restaurant is hiring labor in an amount such that the mrc of the last worker is $16 and her mrp is $12.on the basis of this information we can say that: a. profits will be increased by hiring additional workers. b. profits will be increased by hiring fewer workers. c. marginal revenue productmust exceed average revenueproduct. d. the restaurant is maximizing profits.

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Assume that a restaurant is hiring labor in an amount such that the mrc of the last worker is $16 an...