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  3. Study Set
    Principles of Microconomics
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    Exam 10: Input Demand: the Labor and Land Markets
  5. Question
    Explain Why an Employer in a Perfectly Competitive Market Will
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Explain Why an Employer in a Perfectly Competitive Market Will

Question 7

Question 7

Essay

Explain why an employer in a perfectly competitive market will hire more workers when the marginal revenue product is greater than the wage.

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The marginal revenue product represents ...

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