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To Maximize Profits, a Firm Will Employ Workers Up to the Point

Question 220

Multiple Choice

To maximize profits, a firm will employ workers up to the point at which for the last worker employed:


A) marginal product is equal to the nominal wage rate.
B) the value of the marginal product is equal to the wage rate.
C) the value of the marginal product is equal to the price per unit of output.
D) the value of the marginal product is as high as possible.

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