Multiple Choice
To maximize profits,a firm will employ workers until for the last worker employed:
A) marginal product of labour is equal to the nominal wage rate.
B) the value of the marginal product of labour is equal to the wage rate.
C) the value of the marginal product of labour is equal to the price per unit of output.
D) the value of the marginal product of labour is as high as possible.
Correct Answer:

Verified
Correct Answer:
Verified
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