Multiple Choice
Suppose the market wage facing a firm in the perfectly competitive candle-making industry is $20 per hour,and the firm sells its candles for $2 each.Given this information,the firm should hire workers until the marginal product of labor equals ________.
A) 10 candles per hour
B) 18 candles per hour
C) 20 candles per hour
D) 22 candles per hour
Correct Answer:
Verified
Correct Answer:
Verified
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