a competitive employer should hire additional labor as long as:,

In the business world, there are many tradeoffs that need to be considered. One of these is expansion and retraction. A competitive employer should hire additional labor as long as: (1) they have a good estimate of market demand; (2) prices for inputs are not expected to rise in the near future; and most importantly, (3) their marginal cost per unit produced is lower than the market price for those units. it sure make, employees new hiring considering’re you when So. suppliers among competition reduced to due businesses by purchased quantities larger or wages higher from result can which costs in increase an to leads production increased- workers more using with consideration another also’sThere . units those for price market the than lower is produced unit per cost marginal their)II (, importantly most and; future near the in rise to expected not are inputs for prices)II (; demand market of estimate good a have they)I (: as long as labor additional hire should employer competitive A.raction ret and expansion is these of One. considered be to need thatoffs trade many are there, world business theIn raction Ret and Expansion ofoff TradeThe that enough costs input raising without too themselves devote could producers what beyondories invent or production of size overall the increase would it when factors other to relative return of rates low with factors expanding by improved be can economy an of efficiencyocative all The. though consideration more one’s There. units those for price market the than lower is produced unit per cost marginal their)c (, importantly most and; future near the in rise to expected not are inputs for prices)b (; demand market of estimate good a have they)a (: as long as labor additional hire should employer competitive A.raction ret and expansion is these of One. considered be to need thatoffs trade many are there, world business theIn : contentform-Long isproduced unit percost marginal their)c(, importantlymost and; future nearthe in rise to expected not are inputs for prices)b (; demand market of estimate good a have they)a (: as long as labor additional hire should employer competitive A.raction ret and expansion is these of One. considered be to need thatoffs trade many are there, world business theIn . units those for price market the than lower is produced unit per cost marginal their – , importantly most and; future near the in rise to expected not are inputs for prices -; demand market of estimate good a have they- :, as long as labor additional hire should employer competitive a:raction Ret and Expansion ofoff TradeThe