A profit-maximizing firm should hire an input as long as the Multiple Choice marginal revenue product of the input is greater than the marginal revenue product of other inputs the firm is using. firm can increase its total revenue. marginal revenue product of the input is at least as much as the cost of hiring the input. price of the input doesn't exceed the price of the other inputs used in the firm's production.

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee