Multiple Choice
To maximize profit,the firm must equate the
A) wage rate to the price of the good.
B) wage rate to the marginal product of labour.
C) value of marginal product to the factor price.
D) marginal factor cost to the price of the output.
E) marginal cost of the factor to the marginal product of the factor.
Correct Answer:
Verified
Correct Answer:
Verified
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