Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Due to the ________, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm

Sagot :

chilljain33

Due to the first rule of labor markets, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm. Therefore, the option A holds true.

What is the significance of profit maximization?

A process of following and adapting such methods that derive maximum revenue to the firm is known as profit maximization. It should be the primary goal of any firm in the market.

The first rule of labor markets says that when a firm strives for profit maximization, it does not pay the worker or the labor, more than the marginal productivity that the worker bring to the firm.

Therefore, the option A holds true regarding profit maximization.

Learn more about profit maximization here:

https://brainly.com/question/17233964

#SPJ4

The question seems to be missing. The complete question has been added for better reference.

Due to the ________ a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm.

a. first rule of labor markets

b. demand product value

c. third rule of labor markets

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.