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As a General Rule, a Profit-Maximizing Restaurant Owner Employs Each

Question 135

Multiple Choice

As a general rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of the marginal product of the unit of the factor employed is ________ that factor's price.


A) first; greater than
B) last; equal to
C) first; equal to
D) last; less than

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