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Title: If a firm is a price taker in both the labor market and the output market, it will Post by: Mairoon on Oct 19, 2017 If a firm is a price taker in both the labor market and the output market, it will
A) earn zero economic profit in the short run. B) hire labor until the marginal product of labor equals zero. C) hire labor until the marginal revenue product equals the output price. D) hire labor until the marginal revenue product equals the wage rate. Title: Re: If a firm is a price taker in both the labor market and the output market, it will Post by: Tyforumca on Oct 19, 2017 D
Title: Re: If a firm is a price taker in both the labor market and the output market, it will Post by: Mairoon on Aug 14, 2018 Great answer, great website
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