A competitive employer should hire additional labor if the cost of hiring is less than the benefit.

This means that it would be a good decision to hire additional labor as long as each new worker generates more revenue for the company than they cost in wages and other expenses.

The competitive employer should not hire additional labor if, The cost of hiring is more than the benefit.

This means that it would not be a good decision to hire additional labor if each new worker generates less revenue for the company than they cost in wages and other expenses. And, so on.

A competitive employer should hire additional labor only if the cost is less than the benefit.

This means that it would be a good decision to hire additional labor as long as each new worker generates more revenue for the company than they cost in wages and other expenses.

The competitive employer should not hire additional labor, however, if:

The cost of hiring is more than the benefit.

This means that it would not be a good decision to hire additional labor unless each new worker generates more revenue for the company or fewer costs than they have already incurred during their time with the company (such as lost productivity).

A competitor has just announced some sort of promotion or sale on its services .

LEAVE A REPLY

Please enter your comment!
Please enter your name here