The idea that rational employers think at the margin is central to understanding how many units of labor they choose to employ.

Name: The idea that rational employers think at the margin is central to understanding how many units of labor they choose to employ.
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Question

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Rational employers make decisions based on marginal analysis, considering the additional costs and benefits of employing one more unit of labor to determine the optimal number of employees to maximize profit or minimize costs.

The Idea That Rational Employers Think at the Margin Is