In 2018, General Motors (GM) announced that it would reduce employment by 14,000 workers. What does this
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In 2018, General Motors (GM) announced that it would reduce employment by 14,000 workers. What does this decision reveal about how GM viewed its marginal revenue product (MRP) and marginal resource cost (MRC)? Why didn’t GM reduce employment by more than 14,000 workers or by fewer than 14,000 workers?
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