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The Rule for Employing a Profit-Maximizing Amount of Labor Is

Question 44

Multiple Choice

The rule for employing a profit-maximizing amount of labor is to continue to hire additional workers until the additional worker's value of marginal product is


A) less than the wage rate.
B) equal to the wage rate.
C) greater than 1.
D) less than the price of the product.
E) equal to the price of the product.

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