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MMLU-Pro / 7506 / Assume a firm hires labor for 15eachandsellsitsproductsfor3 each. If…

Problem

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question

Assume a firm hires labor for 15eachandsellsitsproductsfor15 each and sells its products for 3 each. If the MP of the 3rd worker is 10, which of the following statements would be the most true?
Plain-text mathematical notation (without MathML)
Assume a firm hires labor for 15eachandsellsitsproductsfor3 each. If the MP of the 3rd worker is 10, which of the following statements would be the most true?
Original LaTeX notation
Assume a firm hires labor for $15 each and sells its products for $3 each. If the MP of the 3rd worker is 10, which of the following statements would be the most true?

category

economics

options

  1. The firm should maintain the current level of labor so that the MRPL will remain constant.
  2. The firm should hire more labor so that the MRPL will decrease.
  3. The firm should hire less labor so that the MRPL will increase.
  4. The firm should increase the price of its product so the MRPL will decrease.
  5. The firm should increase the price of its product so the MRPL will increase.
  6. The firm should hire less labor so that the MRPL will decrease.
  7. The firm should reduce the price of its product to increase the MRPL.
  8. The firm should hire more labor so that the MRPL will increase.
  9. The firm should maintain the current level of labor so that the MRPL will decrease.
  10. The firm should maintain the current level of labor so that the MRPL will increase.

src

ori_mmlu-high_school_microeconomics

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