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thanhha78 thanhha78
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6 years ago
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.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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6 years ago
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thanhha78 Author
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6 years ago
You make an excellent tutor!
mcraver1
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Thanks for your help!!
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Thanks
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