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When a Firm Hires Labour Up to the Point Where

Question 116

Multiple Choice

When a firm hires labour up to the point where the wage is equal to the value of the marginal product of labour,what is it doing


A) It is minimizing labour costs.
B) It is minimizing the number of workers it can hire.
C) It is maximizing the number of workers it can hire.
D) It is maximizing profit.

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