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fifadaniel fifadaniel
wrote...
Posts: 291
5 years ago
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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 D
fifadaniel Author
wrote...
5 years ago
Marking this solved, moving on to the next...
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