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Satsume Satsume
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6 years ago
Use the following statements to answer this question:
I.   Under profit maximization, the quantity of labor used in production is optimal if MR = w/MPL.
II.   The expression MR = w/MPL implies that the revenue earned from the last unit of output produced equals the marginal cost of the last unit of output.
A) I and II are true.
B) I is true and II is false.
C) II is true and I is false.
D) I and II are false.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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6 years ago
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