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Title: Applied to perfectly competitive labor markets, the marginal principle tells firms to hire workers ...
Post by: thanhha78 on Aug 29, 2017
Applied to perfectly competitive labor markets, the marginal principle tells firms to hire workers until
A) marginal productivity begins to diminish.
B) the price of the product equals the wage of the worker.
C) marginal revenue product of the last worker hired equals the wage.
D) average total costs are minimized.


Title: Re: Applied to perfectly competitive labor markets, the marginal principle tells firms to hire ...
Post by: Lightman030 on Aug 29, 2017
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