MCQOPTIONS
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| 1. |
A competitive profit-maximizing firm should hire workers up to the point where ? |
| A. | the wage, the rental price of capital and the rental price of land are all equal |
| B. | the marginal product of labor equals zero and the production function is maximized |
| C. | the value of the marginal product of labor equals the wage |
| D. | the marginal product of labor equals the wage |
| Answer» D. the marginal product of labor equals the wage | |