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    Exam 16: The Markets for Labor, Capital, and Land
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    The Profit-Maximizing Firm Should Continue Hiring Additional Labor as Long
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The Profit-Maximizing Firm Should Continue Hiring Additional Labor as Long

Question 61

Question 61

Multiple Choice

The profit-maximizing firm should continue hiring additional labor as long as:


A) MRC < MRP.
B) MRC > MRP.
C) MRC = MRP.
D) the MP of labor > 0.

Correct Answer:

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