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Choose the statement that is incorrect:A.If the wage rate exceeds the value of marginal product of labor, a firm can increase its profit by firing one worker.B.The demand for labor curve slopes downward because the value of marginal product diminishes as the quantity of labor employed increases.C.A firm hires the quantity of labor that makes the value of marginal product equal to the wage rate.D.A change in the wage rate shifts the VMP curve and the demand for labor curve rightward.
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