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Home Q & A Board Other Fields Homework Help Business Economics
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briemert2013 briemert2013
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A year ago

A profit maximizing firm that is a price taker in both product and factor markets will hire a factor up to the point at which



▸

the last unit of the factor hired adds as much to costs as it does to revenues.



▸

the value of marginal product equals the wage rate.



▸

the marginal revenue product equals the wage rate.



▸

all of the above



▸

a and b

Textbook 
Economics

Economics


Edition: 12th
Author:
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dasneakdasneak
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A year ago
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briemert2013 Author
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A year ago
Helped a lot
DAGINC
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Just got PERFECT on my quiz
spaghetti
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2 hours ago
This site is awesome
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