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The Firm Is in Equilibrium in the Factor Market When

Question 23

Multiple Choice

The firm is in equilibrium in the factor market when it employs units of labour upto the point where


A) The marginal revenue product of labour is equal to its marginal cost
B) The marginal revenue product of labour is more than its marginal cost
C) The marginal revenue product of labour is less than its marginal cost
D) none

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