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    Exam 11: Input Markets and the Allocation of Resources
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    A Perfectly Competitive Firm That Operates in a Perfectly Competitive
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A Perfectly Competitive Firm That Operates in a Perfectly Competitive

Question 45

Question 45

Multiple Choice

A perfectly competitive firm that operates in a perfectly competitive labour market will hire labour until the marginal product of labour equals:


A) P.
B) w.
C) wP.
D) w/P.

Correct Answer:

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