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To Maximize Profits,a Firm Will Employ Workers Until for the Last

Question 133

Multiple Choice

To maximize profits,a firm will employ workers until for the last worker employed:


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

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