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A Profit-Maximizing Competitive Firm Will Hire Labor Up to the Point

Question 11

Multiple Choice

A profit-maximizing competitive firm will hire labor up to the point where _____.


A) the price of the good equals the marginal value product of labor
B) the wage rate equals marginal product of labor
C) the wage rate equals marginal value product of labor
D) the wage rate equals the marginal revenue

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