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    Principles of Microeconomics
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    Exam 10: Input Demand: the Labor and Land Markets
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    For a Firm to Maximize Profits, the Marginal Product of the Last
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For a Firm to Maximize Profits, the Marginal Product of the Last

Question 119

Question 119

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For a firm to maximize profits, the marginal product of the last dollar spent on each resource must be equal.

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