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Title: If a firm wants to maximize profits it should Post by: fifadaniel on Aug 22, 2018 If a firm wants to maximize profits it should
A) hire lots of capital and very little labor since labor needs to be trained. B) hire unskilled labor rather than skilled labor since unskilled labor is cheaper. C) equate the marginal physical product for each input to the price of the input. D) equate the marginal revenue product for each input to the price of the input. Title: If a firm wants to maximize profits it should Post by: slimkat on Aug 22, 2018 D
Title: If a firm wants to maximize profits it should Post by: fifadaniel on Aug 22, 2018 Marking this solved, moving on to the next...
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