Multiple Choice
A competitive, profit-maximizing firm should hire workers up to the point where the
A) wage, the rental price of capital, and the rental price of land are all equal.
B) marginal product of labour equals zero and the production function is maximized.
C) value of the marginal product of labour equals the wage.
D) marginal product of labour equals the wage.
Correct Answer:
Verified
Correct Answer:
Verified
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