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When a Firm Maximizes Profit

Question 191

Multiple Choice

When a firm maximizes profit,


A) it will hire workers up to the point where the marginal product of labor is equal to the product price.
B) it will hire workers up to the point where the marginal product of labor is equal to the wage.
C) it will hire workers up to the point where the value of the marginal product of labor is equal to the product price.
D) it will hire workers up to the point where the value of the marginal product of labor is equal to the wage.

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