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    Principles of Microeconomics
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    Exam 10: Input Demand: the Labor and Land Markets
  5. Question
    A Firm Will Continue Hiring Labor as Long as the MRP
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A Firm Will Continue Hiring Labor as Long as the MRP

Question 107

Question 107

Multiple Choice

A firm will continue hiring labor as long as the MRP of labor ________ the market wage rate.


A) is greater than or equal to
B) is less than
C) is equal to
D) determines

Correct Answer:

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